Wednesday, August 27:
Token
$XRP is undergoing an intense consolidation phase, but market signals and institutional movements suggest an imminent recovery. Here are the key points to watch:
📉 Technical pullback, but active accumulation
•
$XRP is fluctuating between $2.63 and $3.22, with a decline of nearly 10% since mid-August.
• Short- and medium-term holders are reinforcing their positions, while long-term holders are taking profits.
• Major support is at $2.70, with resistance at $3.30.
📊 Technical indicators: rebound in sight?
• The RSI is approaching the oversold zone, and the MACD remains bearish.
• A close above $3.07 could trigger a rally towards $3.60, representing a potential of +20%.
• Long-term target: $8, provided that thresholds of $4 and then $5.50–6.00 are crossed.
🏦 Institutional adoption in full expansion
• Ripple has secured a $75 million credit facility with Gemini, in view of an IPO.
• The On-Demand Liquidity (ODL) service is used by over 300 institutions, with $2.5 billion in volume in Q3 2024.
• The ProShares XRP ETF, launched in July, already manages $1.2 billion, confirming growing investor interest.
📈 Market sentiment: between euphoria and caution
• 94% of holders are currently in profit, according to Glassnode.
• The NUPL indicator is entering the ‘belief – denial’ zone, often heralding reversals.
🧠 Conclusion
$XRP remains one of the most closely watched assets in the crypto market. Between technical resilience, institutional adoption, and bullish potential, the token could well surprise as we approach the last quarter of 2025.
#Binance #XRPUSDT🚨 #CryptocurrencyAdventures #bullish #Xrp🔥🔥 😊I DO NOT GIVE INVESTMENT ADVICE, JUST INFORMATION😊