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Ripple Price Analysis: XRP Breaks Consolidation, Eyes Next Key Targets

2025-07-10 14:12:41

Ripple Price Analysis: XRP Breaks Consolidation, Eyes Next Key Targets

Main Idea

XRP shows bullish signals with a breakout at $2.36 but faces significant resistance at $2.47, potentially leading to sideways consolidation before the next major move.

Key Points

1. XRP has a bullish signal with a breakout at the critical $2.36 level, intersecting the wedge’s upper boundary and the 200-day moving average.

2. Significant resistance is noted at the previous major swing high of $2.47, where selling pressure is likely to emerge.

3. A key supply zone and bearish order block exist between $2.42 and $2.47, aligning with the previous swing high.

4. Buy-side liquidity above the $2.47 resistance zone presents an attractive target for smart money.

5. The price may enter a period of sideways consolidation before the next major move.

Description

Ripple has broken out of its prolonged descending wedge pattern, signaling a bullish shift. However, with notable resistance ahead, the price may enter a period of sideways consolidation before the next major move. XRP Analysis By Shayanmarkets The Daily Chart XRP has successfully broken out of a prolonged descending wedge pattern, a strong bullish signal. This breakout occurred at the critical $2.36 level, where the wedge’s upper boundary intersected with the 200-day moving average. This move m...

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