Here’s a technical analysis post tailored for Binance’s $XRP
/USDT pair, including key data and three target levels:
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XRP/USDT Technical Analysis – May 4, 2025
Current Price: $2.2063
24h Range: $2.1760 – $2.2188
24h Volume: 51.12M XRP / 112.32M USDT
Trend: Bullish Momentum Building
Moving Averages:
MA(5): 11,521.7
MA(10): 15,492.4
MA(60): $2.2091 (Key Resistance)
Recent Development: Whale wallets have accumulated over 900 million XRP, suggesting strong institutional confidence.
Technical Insight:
XRP is consolidating just below its 60-day moving average at $2.2091. The strong support near $2.1760 has held multiple times, forming a short-term base. Bullish volume spikes hint at a breakout attempt, supported by increased whale accumulation.
Targets:
🎯 Target 1: $2.25 – Initial resistance and short-term breakout point.
🎯 Target 2: $2.32 – Previous local high and potential bullish continuation level.
🎯 Target 3: $2.45 – Key resistance zone from 2021 highs; significant if momentum continues.
Conclusion:
With increasing volume, whale accumulation, and a tight range near key resistance, XRP looks poised for a breakout. Keep an eye on the $2.21–$2.25 range for confirmation.
#XRP #Binance #CryptoAnalysis #TechnicalAnalysis #Whales #XRPUSDT
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