Alright team, let's break down this juicy XRP chart and see what's cooking. The potential here is massive, and the structural integrity forming on the daily timeframe is extremely bullish.
Technical Analysis
The XRP/USDT Daily chart has successfully completed a major bullish harmonic reversal pattern, testing and confirming the critical support zone near $2.07. The price is currently stabilizing around $2.32. Key resistance to watch for confirmation of the move is the zone between $2.50 and $2.60. A clean break and hold above this level will likely launch the price toward the pattern's ultimate measured target of $4.10.
Fundamental Tailwinds
Fundamentally, XRP looks stronger than ever. Ripple continues to gain regulatory clarity globally, which significantly reduces long-term operational risk. Furthermore, institutional adoption of Ripple's On-Demand Liquidity (ODL) technology is expanding rapidly, particularly across high-growth payment corridors in Asia and the Middle East, underpinning strong utility for the asset.
Action Plan
This setup offers a fantastic risk/reward ratio for long-term holders. We are accumulating in this reversal zone, maintaining a strict invalidation point if the price closes below $2.07. The structural integrity points to a multi-month uptrend starting now.
Highly recommend HOLD and Stacking XRP at Binance
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#XRP #Ripple #Bullish #TechnicalAnalysis #Crypto #BinanceSquare #HODL
