$XRP

Dear Binance Friends . Here’s an update on XRP, blending technicals, on-chain insight, and catalysts:

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📉 Market Snapshot

Current Price: ~$2.16 (–4% today), trading between $2.15–$2.25

24h Range: $2.15–$2.25

Volume & On-Chain: Active address count at 295,000+ daily, with whale accumulation (2,700+ with ≥1 M XRP)

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📈 Technical Levels & Patterns

Zone Strategy Notes

Support: $2.15–$2.20 Buy-the-dip Key lower range (200‑day EMA), holds momentum

Resistance: $2.29–$2.35 Breakout entry Recent high at $2.29–$2.33; VWAP resistance sits at $2.24–$2.25

Next Upside Momentum buy >$2.35 Targets $2.50 → $2.65 → $2.80+

Stop-Loss Below $2.14 Break invalidates support

Downside Risk <$2.10 Could trigger drop toward $2.00 or lower

Indicators: VWAP and Supertrend indicate short-term bearish bias near $2.24–$2.25 . Ichimoku weak beneath cloud—watch momentum on timeframes.

Chart setup: Evidence of descending resistance breakout; established new support at $2.29 . A possible double-bottom near $2.10 supports bulls .

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🧠 On‑Chain & Sentiment

Institutional & whale interest:

A $58 M transfer (~26.9 M XRP) to Coinbase hints at strategic positioning .

Long/Short ratio on Binance around 2.26; top traders leaning bullish .

Regulatory tailwinds:

SEC appeal delayed to August; legal clarity wasn’t immediate, but is extended—XRP holding firm near $2.20–$2.30 .

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🎯 Trade Strategy

1. Accumulate: Scale in between $2.15–$2.20 with tight risk control.

2. Add on breakout: Above $2.29–$2.35 (volume essential) targeting $2.50, then $2.65–$2.80.

3. Protect: Stop-loss below $2.14.

4. Stay cautious: If key support breaks, prepare for a drop toward $2.00 or $1.85.

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🔭 Summary

XRP is exhibiting a strong on-chain and technical base. Support at $2.15–$2.20 remains firm, while a move above $2.35—especially with volume—could ignite a bullish rally into the $2.50–$2.80 zone.

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