The longer it consolidates, the more explosive the breakout will be! Is XRP's current 'spring compression' really about to bounce?
Brothers, don't be fooled by the chaotic environment; $XRP has been brewing beneath the surface, with signals all around showing red hot! Technicals, whale actions, ETF expectations, and legal battle progress are all heating up, feeling like we just need a spark.
1. The chart has secrets: Big moves are brewing in the triangle.
Recently, XRP's price has been like a small clamp stuck between $2.15 and $2.19, oscillating back and forth. For those who understand technicals, this is definitely a 'bullish wedge'! In simple terms, as the price oscillates, the range gets smaller, like a compressed spring. Historically, when this pattern breaks above $2.19, it often shoots up.
2. Whales Stealthily Buying: Big Players Are Bottom Fishing!
On-chain data doesn't lie! Glassnode shows that throughout June, those holding millions in XRP have been frantically buying in the $2.13-$2.15 range! The number of wallets is rapidly increasing.
3. On-chain is boiling over: Is the ETF wind really coming?
The best part is XRP's own chain, XRPL! User activity surged 7 times, with the number of addresses skyrocketing from 40,000 to nearly 300,000! Why? There's talk in the community that a giant asset management company like Franklin Templeton has applied for an XRP ETF! Once the news broke, trading volume jumped directly by 80%.
4. Is there a breakthrough in the lawsuit? Is the SEC about to give in?
The most concerning lawsuit with the SEC has recently taken a turn! Rumor has it that Ripple is negotiating a settlement privately with the SEC. If a settlement happens or Ripple wins a key point, it would be a massive positive! Once the doors to compliance in the U.S. open, it will be easier for ETFs to get approved, and a price target of $3-$3.4 is truly not a dream! The lack of an official announcement actually makes it feel promising.
Technical spring compression, whales buying like crazy, on-chain activity boiling over, glimmers of hope in the lawsuit... XRP's setup is just one step away! Once the ceiling at $2.19 is breached, coupled with volume, there's great hope for a surge to $2.4, $2.75, or even touching $3! Of course, a drop below the support at $2.13 should be watched, but for now, the likelihood of moving upwards is much higher!
Now is the time to patiently wait for the wind to come!
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