xrpbnb
88 views
2 Discussing
Hot
Latest
XRP Market UpdatePositive
Indicators for XRP:
•Whale Activity: XRP's 90-day moving average of whale flows saw a positive trend beginning in May, indicating renewed interest from larger investors. This could set the stage for a potential breakout in Q4.•
Wallet Growth:
The number of wallets holding over 1 million XRP reached an all-time high, showcasing a growing commitment from significant holders. Additionally, mid-tier wallets (those holding between 10,000 and 1 million XRP) increased by 6.2%, suggesting strong long-term holder confidence.
Price Movement:•
After reaching an all-time high of $3.40 in January, XRP is currently trading at $2.17. While it has shown modest returns over recent months, it has consistently closed above the $2 mark in every monthly candle since December 2024.
Trading Volume Decline:•
Despite the positive indicators, Q2 trading volumes for XRP on Binance have dipped to their lowest levels since August 2020. This decline points to reduced market participation and engagement.
#Xrp🔥🔥 #XRPUSDT🚨 #xrpbnb #Binance
Indicators for XRP:
•Whale Activity: XRP's 90-day moving average of whale flows saw a positive trend beginning in May, indicating renewed interest from larger investors. This could set the stage for a potential breakout in Q4.•
Wallet Growth:
The number of wallets holding over 1 million XRP reached an all-time high, showcasing a growing commitment from significant holders. Additionally, mid-tier wallets (those holding between 10,000 and 1 million XRP) increased by 6.2%, suggesting strong long-term holder confidence.
Price Movement:•
After reaching an all-time high of $3.40 in January, XRP is currently trading at $2.17. While it has shown modest returns over recent months, it has consistently closed above the $2 mark in every monthly candle since December 2024.
Trading Volume Decline:•
Despite the positive indicators, Q2 trading volumes for XRP on Binance have dipped to their lowest levels since August 2020. This decline points to reduced market participation and engagement.
#Xrp🔥🔥 #XRPUSDT🚨 #xrpbnb #Binance
xrp upadte
Update #xrp
#Xrp🔥🔥
#XRPUSDT
#xrpbnb
Based on the chart, here’s a potential trade setup for XRP/USDT:
Entry Point:
Buy Entry: Around $2.16 - $2.17, as it is near a support zone after a recent drop.
Stop-Loss:
Below $1.95, which is the 24-hour low.
A tighter stop could be $2.00 if you want less risk.
Take Profit Targets:
First Target: $2.35 - $2.40 (recent resistance area)
Second Target: $2.60 - $2.70 (stronger resistance from previous highs)
Final Target: $3.00+ (if bullish momentum continues)
Risk Management:
Risk-Reward Ratio: Aim for at least 1:2 or 1:3.
Position Size: Adjust based on your risk tolerance.
#xrpusdt
#xrpbnb
#Xrp🔥🔥
#XRPUSDT
#xrpbnb
Based on the chart, here’s a potential trade setup for XRP/USDT:
Entry Point:
Buy Entry: Around $2.16 - $2.17, as it is near a support zone after a recent drop.
Stop-Loss:
Below $1.95, which is the 24-hour low.
A tighter stop could be $2.00 if you want less risk.
Take Profit Targets:
First Target: $2.35 - $2.40 (recent resistance area)
Second Target: $2.60 - $2.70 (stronger resistance from previous highs)
Final Target: $3.00+ (if bullish momentum continues)
Risk Management:
Risk-Reward Ratio: Aim for at least 1:2 or 1:3.
Position Size: Adjust based on your risk tolerance.
#xrpusdt
#xrpbnb
Login to explore more contents