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

UA_CAPITAL

📊 Market Sentiment Overall sentiment remains bullish, supported by expectations of a 0.25% rate cut in the upcoming FOMC meeting. The weakening USD and increased risk appetite across global markets are creating favorable conditions for further upside in crypto assets. 📈 Technical Analysis Price broke the bearish trendline that had been driving the downtrend since July 18th. A strong breakout and close above the trendline confirmed the move. The breakout area also aligns with a significant HTF key level, adding strength to this zone. 📌 Game Plan Looking for a quick retest of the broken trendline and HTF key level before a rejection. 🎯 Setup Trigger Confirmation will come from a clear 1H break of structure after the retest. 📋 Trade Management Stoploss: Below the 1H swing structure that caused the break of structure Targets: TP1: 3.57 | TP2: 3.66 Will trail stop aggressively to secure profits as the move develops. 💬 Like, follow, and comment if this breakdown supports your trading! More setups and market insights coming soon — stay connected!