cryptomarket

XRP is off to a slow start this month, yet market sentiment remains surprisingly bullish. Over 70% of Binance traders are betting on a price increase, even as XRP trades sideways around $2.21. The optimism was further amplified after Eric Trump hinted that Ripple could one day replace the SWIFT system.

📊 Most Binance Traders Are Long on XRP
XRP has been consolidating tightly between $2.19 and $2.25, gaining only 0.4% in the past 24 hours. Despite the stagnant price action, 71% of traders on Binance have opened long positions, according to Coinglass data. Only 28% are shorting, indicating that bullish sentiment clearly dominates.

Adding to this, open interest in XRP surged to $3.75 billion – a clear signal of heightened trader interest. However, the use of high leverage also increases the risk of sudden liquidations, as seen during the recent dip to $2.13, which triggered a wave of long position liquidations.

🗣️ Eric Trump Ignites Buzz – Could Ripple Replace SWIFT?
During a recent speech at Token2049, Eric Trump claimed that cryptocurrencies will eventually replace the outdated SWIFT system, which he called “completely dysfunctional.” His comments fueled existing rumors that Ripple’s blockchain could become the next global standard for cross-border payments.
Such a move could have enormous implications, as SWIFT currently handles $5 trillion daily, or about $1.25 quadrillion annually. If Ripple captures even a fraction of that volume, XRP could experience a dramatic price rally.
His remarks echoed earlier comments from Ripple CEO Brad Garlinghouse, who has advocated for modernizing cross-border financial infrastructure.

📈 Technical Outlook: XRP Prepping for a Breakout?
According to the 4-hour chart, XRP is forming a symmetrical triangle pattern — typically a sign of potential continuation. The key resistance level is $2.24. A confirmed breakout above that and the psychological $2.30 could spark an 11% rally to $2.50.
However, RSI is at 46, suggesting bearish momentum still lingers. To confirm a breakout, RSI must climb above 50 to signal renewed strength.

⚠️ Caution: If XRP Falls Below $2.15…
Should XRP drop below $2.15, the triangle pattern would break to the downside, triggering a bearish reversal. That could push the price below $2.00, causing another wave of liquidations and sharper declines.

🧩 Summary:
XRP is at a pivotal moment — caught between the promise of a bullish breakout and the threat of a deeper correction. Traders remain hopeful, fueled by speculation about Ripple’s future in the global financial system. But without a strong technical push, the risk of a drop still looms.

#xrp , #Ripple , #EricTrump , #CryptoNewss , #CryptoMarket

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Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

The XRP market is currently exhibiting signs of bullish consolidation, but a notable analyst has issued a cautionary forecast suggesting that a significant price correction may be on the horizon.
Despite XRP trading in a narrow range between $2.16 and $2.25 over the last 24 hours, top analyst BLOCK BULL warns that an emerging pattern on the daily chart could lead to a sharp decline in value. According to the analyst, XRP may be heading for a 30% drop, potentially bottoming out at $1.55.
Bearish Setup Emerges
BLOCK BULL shared insights via X (formerly Twitter), highlighting a rejection at the edge of a bull flag formation on XRP’s chart. If the price fails to hold above $2.2562, the next critical support level sits at $1.55. The chart analysis suggests that market makers could be strategically shaking out retail investors, creating opportunities for larger players to accumulate XRP at discounted levels.
This prediction comes as the broader altcoin market faces ongoing pressure from macroeconomic uncertainty and liquidity imbalances. According to the post, XRP has already contributed to a 1,000% liquidation imbalance, a sign of volatility and potential market manipulation.
XRP’s Current Momentum
At the time of writing, XRP is trading at $2.239, marking a 3.58% increase in the past 24 hours. Despite recent volatility, the token has posted a 4.52% gain over the past month and maintains a strong historical performance in May, with an average 25% monthly growth over the last three years, according to data from Cryptorank.
Although May 1 saw a slight 2% dip, XRP has shown notable resilience. These gains could cast doubt on the bearish forecast, especially if bullish sentiment continues to build.
Ripple Labs in the Spotlight
Ripple Labs, the company behind XRP, has been making headlines with its aggressive growth strategy. The firm reportedly made a $5 billion acquisition offer for Circle, which was ultimately rejected. This bold move has sparked speculation around Ripple's ambitions in the stablecoin and payments space.
With increasing regulatory clarity and growing interest in Ripple’s RLUSD stablecoin, the ecosystem may be poised for a long-term breakout. These developments could potentially counterbalance any short-term market downturns.
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Final Thoughts
While BLOCK BULL's analysis raises valid concerns about a possible XRP price correction, market sentiment remains mixed. The broader crypto environment, combined with Ripple Labs' expanding influence, may offer bullish momentum that challenges bearish projections.
Stay tuned and monitor key levels closely as XRP navigates this pivotal moment.
#XRP #CryptoMarket #Ripple #TechnicalAnalysis #Altcoins! #BinanceSquare
$XRP

After a 137% surge over the past two weeks, Pudgy Penguins (PENGU) token may be heading for a significant correction. Although the market sentiment remains bullish, analysts predict a potential drop of 24% to 40% before any renewed upward momentum can take hold.

🐧 What Fueled PENGU’s Rally?
Several key factors contributed to PENGU's recent price explosion:
🔹 Bitcoin’s 15% rise in recent weeks gave altcoins like PENGU room to breathe.

🔹 The growing popularity of Pudgy Penguins NFTs boosted demand – with the floor price rising from 9.54 ETH to 11.5 ETH.

🔹 PENGU also broke through important resistance levels, signaling a shift in market structure.

📉 Warning Signs: Correction Ahead?
At first glance, the market still looks strong – the support at $0.0108 is holding for now. However, the daily chart shows that PENGU hit resistance at $0.0141, and the RSI is falling from overbought territory, often a sign of an incoming cooldown.
According to Fibonacci retracement levels, the price could dip to:
🔻 $0.0082 (61.8%)

🔻 $0.0066 (78.6%)
These zones could act as key support levels – and potentially attractive buy-in points for traders.

📊 Liquidation Zones and Trading Strategy
The monthly liquidation map reveals hotspots where traders might be looking to re-enter:
🔹 $0.012 and $0.00966 – areas with heightened liquidation activity

🔹 $0.0083 – a likely magnet level that aligns with Fibonacci support
Swing traders may choose to wait for these levels to be tested before making a move.

🔁 What Could Happen Next?
If PENGU’s price drops to around $0.0083 and shows a bullish bounce, buyers could push it back up, with targets between $0.0142 and $0.0151.

🧩 Summary:
PENGU just experienced an explosive run, but current signals suggest a deeper retracement may be needed before the uptrend resumes. Traders are eyeing critical support zones that could offer fresh buying opportunities. While volatility remains high, so do the trading prospects.

#pengu , #PENGUToken , #CryptoAnalysis , #CryptoMarket , #CryptoPredictions

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“