Magic Software's 15min chart triggers KDJ Golden Cross, bullish Marubozu pattern.

At 07:00 on July 18, 2025, Magic Software's 15-minute chart exhibited a significant bullish signal, as the KDJ Golden Cross and Bullish Marubozu patterns both emerged. This indicates a notable shift in the momentum of the stock price, which is now trending upwards and may continue to increase further. As the market is currently being driven by strong buying pressure, it is likely that this bullish momentum will persist.

XRP is approaching a critical resistance level at $3.30, echoing its 2017 breakout pattern characterized by strong volume and bullish momentum [1]. This technical setup suggests that XRP is preparing for another decisive move, with traders and investors closely monitoring the $3.30 resistance.

Market data indicates that XRP has maintained solid support between $2.85 and $2.99, a critical zone that has absorbed selling pressure and fostered buying interest. The formation of an inverse head and shoulders pattern further underscores the likelihood of an upward trend continuation. Volume metrics, with recent trading activity reaching $6.54 billion, confirm active market participation and confidence among traders [1].

Industry experts from COINOTAG emphasize that XRP’s current trajectory aligns with historical breakout scenarios, where consolidation near all-time highs precedes significant price appreciation. The prevailing market sentiment remains cautiously optimistic, supported by XRP’s strong fundamentals and growing adoption. Analysts suggest that maintaining price levels above $2.85 is crucial for sustaining bullish momentum, with the $3.30 mark serving as a pivotal threshold [1].

For traders, the unfolding price action presents a strategic opportunity to capitalize on XRP’s momentum. The established support levels provide defined risk parameters, while the potential breakout above $3.30 offers a clear target for gains. Investors should remain vigilant for confirmation signals, such as sustained volume increases and price stability above resistance. Additionally, monitoring broader market trends and regulatory developments will be essential to navigate potential volatility.

XRP’s approach to the $3.30 resistance level, coupled with strong volume and a bullish technical setup, suggests a high probability of a breakout reminiscent of its 2017 rally. Maintaining support above $2.85 is critical for sustaining momentum, and a confirmed move beyond $3.30 could mark the beginning of a new price discovery phase.

References:
[1] https://en.coinotag.com/xrp-approaches-3-30-resistance-echoing-2017-breakout-pattern-with-bullish-momentum/