XRP Daily (August 6, 2025)XRP / TetherUSBINANCEUS:XRPUSDTFIBZnCRIBZHere's the breakdown of the daily XRP/USDT chart analysis: 🧱 Structure Detected The chart shows a strong parabolic rally, followed by a pullback from a local high near the top of a rising channel. Price has retraced and is currently sitting just under the midline of the channel, suggesting short-term weakness but within a larger bullish structure. 📊 Market Bias: Neutral-to-Bullish Despite the local correction, price remains inside the rising channel, maintaining macro bullish structure. A rejection near the channel midpoint and recent failure to reclaim that zone puts the short-term in a neutral state, but as long as price holds the lower channel trendline or horizontal support, bulls remain in control on the higher timeframe. 🎯 Bullish Targets $3.18: High-volume node and prior rejection area (near POC on VPVR) — first key target on reclaim. $3.50–$4.00: Upper channel extension zone — potential area if momentum resumes. $5.00: Psychological round number and top of channel expansion zone — long-term stretch target. 🔻 Bearish Levels $2.70: First major horizontal support (yellow line); key for trend defense. $2.00–$2.20: Strong volume shelf on VPVR; if $2.70 fails, this is a likely bounce zone. $0.67: Fibonacci anchor level (plotted on chart); last-resort structure base. 🕰️ Timeframe-Based Targets Daily Swing Targets: Upside: $3.18 > $3.50 > $4.00 Downside: $2.70 > $2.20 > $0.67 Weekly: Still bullish as long as price holds above $2.70 — structure remains intact. 🧠 Summary XRP is currently consolidating inside a rising channel after a strong impulse move. Daily structure remains bullish overall, but recent weakness near the channel midpoint and POC suggests sellers are active. Watch for price to reclaim $3.18 or break below $2.70 for next directional move.