DeGRAM | XRPUSD seeks to retest of the resistance line

📊 Technical Analysis
● A third rebound from the rising purple support (green dots) printed a bullish engulfing that has already forced price back above the short-term grey down-trend, signalling a momentum shift.
● XRP is now coiling inside a contracting triangle capped by the purple resistance line near 2.40; the 18 ¢ consolidation width implies 2.45 on a break, while the April pivot at 2.65 lines up with the upper channel for the next objective.

💡 Fundamental Analysis
● Ahead of the 23 July SEC – Ripple status hearing, HSBC’s digital-asset unit announced a pilot using XRP for cross-border settlement, lifting social volume and spot bids.

✨ Summary
Buy 2.10-2.20; confirmed close above 2.40/2.45 targets 2.60-2.65. Thesis void on a 16 h close below 1.98.

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