XRP is holding strong at a crucial support level around $2.12, despite a 7.85% drop over the past week ๐. While short-term sentiment appears bearish, smart money from Wall Street seems to be making quiet moves ๐ โ and that could signal an imminent trend reversal ๐.
๐ Key Technical Insights:
XRP is trading near the lower Bollinger Band, hovering around $2.12, with resistance at the midline of $2.34.
The RSI is at 40.82, nearing oversold territory ๐ฎโ๐จ โ a typical prelude to bullish action.
Despite being in a short-term correction, XRP remains above its long-term trend floor ๐ก๏ธ.
A potential โWโ pattern is forming โ a classic bullish reversal signal ๐.
๐ฆ Wall Streetโs Quiet Moves:
Institutional interest is picking up behind the scenes:
Coinbase Institutional will launch 24/7 XRP and SOL futures trading starting June 13 ๐.
Ault Capital Group, under Hyperscale Data, is prepping an XRP-backed lending platform for NYSE and Nasdaq-listed firms ๐ผ.
All loans will be tracked on-chain via the XRP Ledger, adding transparency and security ๐.
๐ฎ Whatโs Next for XRP?
If XRP maintains support and the โWโ pattern confirms, analysts expect a push toward $2.95, with long-term targets of $3.87 and $4.80 ๐ฏ.
But keep in mind: โ ๏ธ
A break below $2.12 could test the psychological $2.00 mark, with deeper support at $1.91โ$1.95.
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๐ฏ Final Thoughts: The market may be quiet, but the signs are there. Institutional momentum ๐ + bullish technicals ๐ง = a potential breakout brewing for XRP. Stay alert and watch those key levels! ๐
๐ Support: $2.12
๐ Resistance: $2.34 โ $2.95 โ $3.87 โ $4.80
#XRP ๐#CryptoNews ๐ฐ#Blockchain ๐#InstitutionalInvesting ๐ฆ#BullRun2025 ๐$XRP
