Technical analysis by SupertradeOfficial about Symbol XRP: Buy recommendation (8/7/2025)

XRP has been carving out a potential reversal after a deep correction from the $3.66 high. The price found strong support near the $2.72–$2.73 region — an area that acted as a launchpad during the July rally. That zone held firmly through multiple retests, suggesting solid buyer interest. Now, price action is printing higher lows while gradually reclaiming structure. The recent reaction off support confirms a shift in momentum, with bulls stepping back in. The mid-range resistance at $3.06 is currently capping upside, but pressure is building for a breakout. Sellers attempted to defend that level multiple times but failed to push price lower, which hints at absorption. A clean 4H candle close above $3.06 could be the ignition point for the next impulsive move. Here’s the trade setup: 📌 Entry – On breakout and retest of $3.06 📌 Stop Loss – Below $2.85 (beneath support zone and higher low) 📌 Target 1 – $3.30 (partial profit) 📌 Target 2 – $3.66 (full target) 📌 Risk-to-Reward – Approx. 2.8R While the full move aims for a retest of the highs, it's important to mature gains partially at $3.30 to lock in profits. This protects your capital and gives you flexibility in case momentum fades or price consolidates below resistance. On the structure side, the recent wave sequence and price compression hint at the early formation of a bullish continuation pattern — possibly an inverse head & shoulders or ascending triangle. Either would confirm bullish strength if neckline/resistance at $3.06 is broken convincingly. The broader sentiment supports a move higher, but don’t ignore short-term volatility around resistance zones. Risk management remains key — let the chart validate your thesis, and trail your stop once price moves toward $3.30.