The price of $XRP is currently at $2.21 with a trading volume decrease of 24% to $1.78 billion. The currency is witnessing notable activity from whales with massive transfers recently, and Ripple has released 1 billion and locked 500 million of $XRP recently.
🔍 Technical Analysis:
The technical indicators are giving a buy signal in the short term
$XRP is moving in the range of $2.20 - $2.35
Whales are significantly active which affects price stability
The RSI indicator is stable in the mid-range (56.28)
💰 Trading Recommendation:
Entry point: $2.20 (support level)
First target: $2.26 (+2.7%)
Second target: $2.33 (+5.9%)
Stop loss: $2.17 (-1.4%)
⚠️ Risk:
Beware of whale activity and their transfers to exchanges which may push the price down. Keep an eye on new Ripple news related to regulatory actions and XRP applications in cross-border payments.
#Xrp🔥🔥 p
