The crypto market is going through tough times globally, but XRP is showing strong signs that something big might happen soon. Letโs break it down:
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๐ XRP Price Forms a Bullish Pattern
XRPโs Price Range: Lately, XRP has been moving between $2.135 and $2.186.
This forms a bullish wedge pattern โ which usually means a price breakout is coming.
Support Level: $2.150 (also a key Fibonacci level)
Resistance Level: $2.190 (if broken, price may rise fast)
RSI: Neutral โ waiting for a move
MACD: Flat โ no big signals yet ๐ This means XRP is getting ready for a calm but powerful move up!
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๐ Whales Are Buying Big: Confidence Is Growing
According to Glassnode, whales (big investors) bought a lot of XRP in June.
More wallets now hold over 1 million XRP.
Most of these big buys happened between $2.133 โ $2.150.
Daily Profit: $68.8 million in realized gains
Price Reaction: After whale buying, XRP jumped to $2.158 ๐ This shows big players are confident XRP will go higher!
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๐ XRP Ledger Is Booming โ ETF Rumors Heat Up
XRP activity on its blockchain (XRPL) has exploded:
Active wallets went from 40,000 to 295,000
Why? Because of ETF (Exchange-Traded Fund) approval rumors.
Big investment firm Franklin Templeton applied for an XRP ETF. ๐ If approved, XRP might attract more institutional investors, possibly pushing price above $3!
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โ๏ธ Ripple vs SEC: Secret Settlement Talks?
Ripple is still dealing with the SEC lawsuit.
Rumors say settlement talks are happening behind closed doors.
If settled in Rippleโs favor, XRP may:
Become fully legal in the U.S.
Speed up ETF approval
Break into the $3.00 โ $3.40 range ๐ This silence from Rippleโs legal team is seen as a good sign.
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๐ XRP is Staying Strong โ Even in Tough Times
Despite global issues (wars, inflation, regulations), XRP is holding up well.
Price is only down 13% this year, which is better than coins like Solana, Cardano, or Polkadot.
Why? Because institutions are supporting XRPโs price.
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๐ฏ What Could Happen Next?
โ Positive Scenario:
If XRP breaks $2.190, it could shoot up to $2.40 โ $2.75
If the ETF is approved and Ripple wins against the SEC โ XRP might hit $3.00 โ $3.40
โ Negative Scenario:
If XRP drops below $2.133, it might fall to around $1.98 โ $2.00
But right now, the upside breakout is looking much more likely.
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๐ Final Thoughts: Get Ready for XRPโs Next Big Move!
With strong technical signals, big investor activity, rising usage, and ETF excitement, XRP looks ready for a massive breakout. If everything comes together, we could see XRP blast past $3.00 soon!