Ripple Price Analysis: XRP Breaks Consolidation, Eyes Next Key Targets
2025-07-10 14:12:41

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...
Latest News
- GMX Hacker Converts Stolen Loot into 11,700 ETH2025-07-10 22:23:36
- Bitcoin Price Tops $116,000, Massive Short Squueze Approaches $1 Billion2025-07-10 22:10:53
- Kinto Token Crashes to Record Low Amid Suspected Exploit2025-07-10 20:16:08
- Bitcoin Blasts to New ATH Above $113K, Leaving $600M in Liquidations2025-07-10 17:19:17
- Coinbase Premium Climbs as BTC Hits New All-Time High: What Does It Mean?2025-07-10 17:04:22