📊 Technical Analysis
● Aggressive breakout from the 8-week green consolidation box has pierced both the purple ’23 trend-cap and inner wedge roof; pull-backs are holding above the prior 2.71 swing, confirming a fresh demand flip.
● Price is now tracking the mid-July parabolic support inside the black rising channel; the next confluence lies at the channel crest / Feb supply 3.11, implied by the 40¢ measured move of the July flag.
💡 Fundamental Analysis
● CME CF announced a cash-settled XRP reference rate for institutional derivatives, boosting open interest and signalling deeper liquidity ahead of the 23 Jul SEC status hearing.
✨ Summary
Long 2.70-2.80; hold above opens 2.88 → 3.11. Invalidate on a 6 h close below 2.60.
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● Aggressive breakout from the 8-week green consolidation box has pierced both the purple ’23 trend-cap and inner wedge roof; pull-backs are holding above the prior 2.71 swing, confirming a fresh demand flip.
● Price is now tracking the mid-July parabolic support inside the black rising channel; the next confluence lies at the channel crest / Feb supply 3.11, implied by the 40¢ measured move of the July flag.
💡 Fundamental Analysis
● CME CF announced a cash-settled XRP reference rate for institutional derivatives, boosting open interest and signalling deeper liquidity ahead of the 23 Jul SEC status hearing.
✨ Summary
Long 2.70-2.80; hold above opens 2.88 → 3.11. Invalidate on a 6 h close below 2.60.
-------------------
Share your opinion in the comments and support the idea with a like. Thanks for your support!
Trade chiuso: obiettivo raggiunto
Closed +8.6%
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.