๐ XRP Surge Alert: Breaking Out in July! ๐
๐ At a glance:
$XRP is trading around $2.73, up 8% from the previous close.
The token recently hit ~$2.57 after surging on legal optimism and ETF buzz.
Whale accumulation is at record levels: ~2,743 wallets each holding over 1 million $XRP (~47 billion total).
A falling wedge breakout signals potential for a move toward $3.80.
โจ Whatโs powering the bullish move?
Legal clarity on the horizonโRipple has dropped its cross-appeal, and the SEC is expected to follow suit soon. This could knock down a major barrier to U.S. spot ETF approval.
ETF momentum buildingโFutures products from ProShares, Turtle Capital, and Volatility Shares are launching mid-July; spot ETF applications are also underway.
Strong technical setups + on-chain strengthโ Rising volume, RSI momentum, and massive whale stake point to institutional confidence.
๐ Key Levels to Watch
Hurdle to watch: a confirmed breakout above $2.65 could open the path toward $3.00โ$3.40.
Conversely, a fall below $2.30 may trigger a pullback to the $2.20โ$2.25 zone.
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