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Binance Traders Eye XRP’s $20-$30 Potential as Bulls Hold $3.40 Support

Binance Traders Eye XRP’s $20-$30 Potential as Bulls Hold $3.40 Support

Published:
2025-07-21 17:09:19
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XRP is currently consolidating above the $3.40 support level after breaking through a key resistance zone, with technical indicators pointing to sustained bullish momentum. Analysts are projecting a significant rally, with targets ranging between $20 and $30, as the cryptocurrency tests a critical support zone between $3.30 and $3.40. This level could serve as a launchpad for further upside. Notably, analyst XRPunkie has identified a multi-year symmetrical triangle breakout pattern dating back to 2017, which supports the ambitious price targets. On-chain metrics further bolster the bullish case, suggesting growing investor confidence and accumulation. Binance traders are closely monitoring these developments, as XRP's performance could have broader implications for the altcoin market. The current consolidation phase is seen as a healthy correction before the next leg up, with many expecting a breakout in the coming weeks. As of July 2025, XRP remains one of the most watched assets in the crypto space, with its potential to deliver substantial returns attracting both retail and institutional interest.

XRP Bulls Defend $3.40 Support as Analysts Project $20-$30 Rally

XRP consolidates above $3.40 after breaking key resistance, with technical indicators suggesting sustained bullish momentum. The cryptocurrency now tests a critical support zone between $3.30-$3.40, establishing a potential launchpad for further upside.

Notable analyst XRPunkie identifies a multi-year symmetrical triangle breakout pattern dating to 2017, projecting a cycle-end target of $20-$30. On-chain metrics reveal growing institutional and retail accumulation, though a breakdown below $2.75 WOULD invalidate the bullish thesis.

The asset's weekly chart structure remains intact after conquering the psychological $3 barrier. Market participants now watch whether this consolidation evolves into continuation - "The longer we base here, the higher we go," observes a derivatives trader at Binance.

Pudgy Penguins (PENGU) Shows Bullish Potential Amid Binance Endorsement

Pudgy Penguins (PENGU) is carving a path toward potential gains, currently trading at $0.03110 despite a modest 1.91% dip over the past day. The token's price action reveals a tightening symmetrical triangle—a classic consolidation pattern often preceding explosive breakouts. Technical analysts highlight $0.0303-$0.0305 as critical support, tested repeatedly without failure, while a push above $0.0315 could confirm upward momentum toward $0.041.

Binance's removal of PENGU's Seed Tag signals growing institutional confidence, a move typically reserved for maturing projects. Liquidity pools show concentrated buy orders NEAR $0.028, creating a sturdy floor. Market observers suggest a confirmed breakout may propel PENGU toward $0.075—a 117% surge from current levels—as the project sheds its speculative label for mainstream credibility.

Binance Expands Trading Opportunities with New USDC Pairs

Binance continues to enhance its trading ecosystem with the introduction of three new USDC pairs—ETC/USDC, GRT/USDC, and ROSE/USDC—effective July 22, 2025, at 11:00 AM Turkish time. The MOVE aims to provide users with more stable trading options amid market volatility, leveraging USDC's price stability as a hedge.

Spot trading bots, including Spot ALGO Orders, Spot Grid, and Spot DCA, will now support these pairs, offering automated strategies for traders. Binance reaffirmed its commitment to discounted taker fees for USDC pairs indefinitely, a strategic play to attract liquidity and retain users.

The exchange emphasized compliance with regional eligibility requirements and mandatory account verification, though no timeline was given for the fee promotion's expiration. Market participants view the expansion as a calculated effort to consolidate Binance's dominance in spot markets.

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