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TronWeekly

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XRP Explosive Wedge Pattern and Whale Accumulation Signal Breakout to $3

  • XRP is showing signs of a breakout as it consolidates in a bullish wedge pattern between $2.135 and $2.186.
  • Analysts predict a potential surge given the technical strength and increased user activity.
  • Whale accumulation is indicated by flat RSI and MACD indicators, with a support at $2.133 holding firm.
  • The XRP Ledger wallet activity surged after the recent ETF launch, with active addresses increasing significantly.
  • Legal developments, including the SEC case and ETF application decisions, play a crucial role in investor sentiment.
  • Whales have been increasing their positions during the consolidation phase, indicating market confidence.
  • XRP has outperformed rivals amid global economic tensions, showing resilience since its January peak.
  • A breakout above the upper wedge trendline could propel XRP to the $3.00 to $3.40 range.
  • Traders are monitoring for volume-backed confirmation before making significant positions.

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