XRP BREAKS OUT XRP / U.S. dollarBITSTAMP:XRPUSDRocksorgate⚡Hope everyone's doing alright today, as I write this we're getting hit with a flash flood so gonna go ahead with the lightning emoji for today in significance of today's storm. ⚡ I've attached our previous ideas for reference should anyone like to check them out for context. Following up from the last idea we we're watching this horizontal channel outlined in the yellow after we'd regained the 200 EMA. ⚡ Unfortunately we were unable to hold our position above $1.11 before retracing and reversing to test $1.07 though can identify the switch when those 20, 50 EMA's managed to converge and bulls were ultimately able to lay claim to the 200 EMA after bears failed to keep price action down, below the 200 EMA with bulls and purchase power far surpassing sellers as we broke out. ⚡ We've already noted the significance of the horizontal channel in the last ideas and here it's clear the role, contribution that played and made to our chart today as we broke out after exiting our horizontal channel, leaving bears and sellers in the dust. ⚡ As I write this we're sitting perched up at $1.15 though I would expect to see some retracement as we often experience following a breakout. I'll be watching the horizontal channel to see whether or not we enter the channel and resume this volatile game of tug and war or if we'll continue to hold the line above and establish support for a higher climb up. ⚡ Another potential factor is Ripple officially secured its full Crypto-Asset Service Provider (CASP) license from Luxembourg's Commission de Surveillance du Secteur Financier (CSSF) on July 6, 2026. Combined with its existing Electronic Money Institution (EMI) license, this definitive approval allows Ripple to offer regulated crypto payment, custody, and treasury services to financial institutions across all 30 countries of the European Economic Area (EEA) significantly broadening the companies deeper integration into the financial world by the day. That's hard to ignore alongside everything ongoing with the Clarity Act not to mention. ⚡ As things stand, I would watch $1.10 for support and keep an eye on the horizontal channel should we reenter the channel for a break up or below as we can see of past price action. ⚡ Have to go but thanks for tuning in, as I approach my Birthday this week I give thanks to many things including those that support and believe in me, and those that have stuck by my side through thick and thin. Grateful to everybody and may you have a blessed day. Best regards, ~ Rock '