Technical analysis by ScramblerG about Symbol XRP: Buy recommendation (7/16/2025)

XRP has officially broken out of its long-standing descending channel on the daily timeframe. This is a major structure breakout and opens the door for a big move, but patience is key. Wait for a clean retest before entering the trade. Trade Setup: Entry (Ideal Retest Zone): $2.53 – $2.75 Stop Loss: Below $2.38 Resistance/Support Zones: Immediate Support: $2.53 Resistance Levels: $4.29 / $7.53 / $11.98 / $18.00 Targets (Long-Term): TP1: $4.29 TP2: $7.53 TP3: $11.98 TP4: $18.00 Potential Profit: Over 500%+ if it plays out fully This is a long-term breakout structure — don’t rush. Wait for confirmation on the pullback. DYOR | Not Financial Advice