$XRP is currently trading between strong support at $0.50 and resistance at $0.52. Yesterday, we saw a bullish breakout on the 4-hour chart, pushing XRP above $0.50 and hitting the 382 FIB resistance level. Technically, the situation remains the same today. On the fundamental side, market uncertainty has decreased, and with a potential settlement meeting between Ripple and the SEC scheduled for August 8th, the outlook is cautiously optimistic. The recovering stock market and the Bank of Japan's decision not to hike interest rates again are also bullish factors. Given these conditions, the probability of a breakout above $0.52 is higher, especially as short positions close. My advice: wait for a confirmed breakout above $0.52 or below $0.50 before making any moves, and ensure you have a clear plan ready for when it happens.
