$XRP : Temporary Dip or Setup for a Breakout? 🔍📉📈

XRP had a rough week — down over 7% and broke below key support at $2.23, now hovering around $2.15. With volume down across both spot (-37%) and futures (-37.85%), it’s clear traders are stepping back. RSI sits near oversold (40.82), and MACD stays bearish 🧊. If $2.23 isn’t reclaimed soon, $1.96 could be next.

BUT — don’t sleep on the bulls just yet 👀

We’re seeing a doji candle — market indecision. And despite the short-term weakness, Deribit options traders are still heavily loaded with calls above $2.60, with $4 being the top strike. That’s not bearish behavior 🚀

Zooming out, analyst Dark Defender sees a similar pattern to late 2024, targeting $5.85 in the mid-term and up to $18–$23 in the next wave. Some even project $25–$75 by mid-2025, thanks to potential ETF tailwinds, legal clarity & supply squeezes. More conservative voices see $8–$10 as realistic this year.

TL;DR: Short-term looks shaky, but whales aren’t done yet. Keep your eyes on the $2.23 level and watch the sentiment shift if we bounce 📊