📌 XRP Update
Price: $3.04 ⬆ +2.36%
🔥 What's happening:
Influx of institutional investments: companies like VivoPower have announced funding for digital assets, including XRP, which supports optimism in the market.
Expectations for ETF: approval of ETF applications with XRP may lead to significant price growth.
Support from major investors: recent purchases of large XRP packages confirm the interest of major players.
📊 Technical analysis:
Support: $2.99–$3.00 — a key level that keeps the price from falling.
Resistance: $3.10 — breaking this level will open the way to the next target.
MACD: positive, confirms bullish momentum.
RSI (14): 65 — signals continued growth without signs of overbought conditions.
📈 Weekly forecast:
Lower bound: $2.95
Upper bound: $3.20
💡 Idea for traders:
Watch the level of $3.10 — a breakout may signal long positions with targets up to $3.20.
Stops are recommended to be placed below $2.95 to minimize risks.