Alright team, let's break down this juicy $XRP chart and see what's cooking. The weekly view shows a massive setup that long-term holders have been patiently waiting for!
Technical Analysis
The chart clearly displays a macro Bullish Flag formation on the 1W timeframe. We have successfully completed a deep correction (noted as 50% correction wave) and are now hugging the lower trendline of this accumulation zone, currently trading near the $1.94 level. Critical structural support rests firmly at $1.6129. If this flag resolves upward, the projected macro target is a powerful move toward the $4.00 psychological and structural resistance zone, potentially by 2026 as indicated on the chart.
Fundamental Tailwinds
On the fundamental side, Ripple continues to cement its role in global finance. Ongoing legal clarity (favorable rulings against the SEC) greatly reduces regulatory overhang. This, combined with aggressive development in the XRPL (including new AMM functionalities and rising institutional pilots for cross-border payments), reinforces $XRP's utility and long-term valuation potential.
Action Plan
I am treating this lower channel boundary as the ideal entry/stacking region. Patience is required on the weekly chart, but the risk/reward setup here is phenomenal. A weekly close below $1.61 would negate the flag structure, but current price action looks highly promising for a massive bounce.
Highly recommend HOLD and Stacking $XRP at Binance
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