📊 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 closed: target reached
Closed +8.6%
90% accuracy in telegram
🔻FREE Telegram channel🔻
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Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.