#Growth Points Draw Round 12 Opens#

XRP (Ripple) — market status, technical outlook, risks, and key catalysts:
Current Market Snapshot

XRP is trading around $3.11–$3.14, after a strong rally in early July capped around $3.66 .

Surge attributed to bullish macro sentiment, regulatory optimism, and whale accumulation activity .

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🧠 Technical Analysis

Support levels: Critical zone near $2.95 — holds thus far, and if price stays above this, bullish bias remains intact .

Resistance levels: Breach above $3.30–$3.50 is key. A monthly close above $3.03 could signal a breakout leading to new highs .

Chart structure: XRP price action is forming symmetrical or pennant patterns. A confirmed breakout targets $5.25–$5.96, and possibly even $6.19 based on Fibonacci extensions and bullish chart setups .

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🐋 Whale Moves & Sentiment

Large holders have opened $25 million+ in long positions, indicating strong underlying bullish conviction ahead of regulatory news .

However, new XRP wallet creation and futures volume have declined recently, signaling weakening retail participation and potentially softening momentum .

Long/short ratio below 1 suggests traders are leaning bearish in the short term .

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⚖️ Regulatory & Institutional Catalysts

XRP has been officially named in the proposed U.S. national crypto reserve along with Bitcoin, Ethereum, Solana, and Cardano — a development announced in March 2025. Recommendations from the working group were expected by July 2025 .

Bloomberg analyst Eric Balchunas projects potential XRP ETF approval by September–October 2025, which could serve as a major bullish catalyst if confirmed .

Ripple’s partial legal win against the SEC in mid-2023 continues to fuel institutional interest in XRP as a compliant digital asset .

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📉 Risks & Bear Case

If $2.95 fails, XRP may retest the $2.15–$2.30 range, or even dip into the $1.60–$1.93 area, long-termed demand zones .

Technical divergence with fading volume, declining new wallet growth and bearish futures positioning could precipitate a pullback .

Volatility remains high — ambitious forecasts (e.g. $10, $13, even $100) are based on speculative patterns such as Elliott Waves, and carry high uncertainty .

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🎯 Price Forecast Ranges

Based on current technicals and sentiment:

Scenario Target Range

Bullish $4.00 → $5.25–6.00
Breakout vision Up to $9–13 by Sept (per some Elliott‑Wave forecasts)
Bearish failure Fall to ~$2.30 → lows around $1.60

Macroeconomic events, regulatory developments, and the upcoming crypto policy news from the White House (e.g. crypto ETF guidelines, digital asset standards) could significantly sway direction.

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✅ Summary

XRP continues in a bullish consolidation with key support around $2.95.

A break and monthly close above $3.03–$3.30 may pave the way toward $5–6+ targets.

But watch volume and sentiment — signs of exhaustion may open the door to deeper corrections.

Longer-term swings hinge on regulatory catalysts like ETF approvals or institutional adoption.