The asset has gathered a rare combination — almost a flash royal in the market. Of them:
⚪️ Regulatory factor.
XRP is listed in the reserves of several government structures (in particular, at the Central Bank of Singapore — in reports as a highly liquid digital currency). This is an institutional mark.
⚪️ Information background.
Discussions #XRP
are on CNBC and Bloomberg. So the attention is real.
⚪️ Technical picture.
All moving averages are bullish: 20, 50, 200 MA — are below the price, confirming the upward trend.
Now the nuances.
📗 Liquidity gathering in the range of $2.00–$2.20 — we see a cleaning of the order book. But this also might be the best entry point if guided by MACD, which gently indicates a reversal from the correction zone.
If the current level holds, and the price enters the impulse phase, then:
— the first target is $2.35 (0.382 level according to Fibonacci);
— the main target is $2.94 (the upper boundary of the unclosed FVG), which gives +55% from the liquidity gathering zone.
At the same time, XRP's development is sluggish:
— a total of 28 active developers,
— 1.4K commits per year — this is a low pace for a blockchain of this scale.
🚘 If you are not a speculator, but looking at the bigger picture — this point may turn out to be an excellent option given the market.