Technical picture: #XRP has formed a tight bullish wedge on its charts, trading roughly between $2.135–$2.186. Key levels to watch are support near $2.150 (the 38.2% Fibonacci retracement) and resistance around $2.190. The RSI is in a neutral zone and the MACD is flat, reflecting indecision ahead of a likely move. This coiling pattern suggests a breakout could come soon.
Whale accumulation: Large holders are actively buying. The number of XRP wallets with 1 million+ tokens recently hit a 12-year high (around 2,708 addresses). On-chain data show many big buys in the ~$2.133–$2.150 range. In fact, after these whale buys the price jumped to about $2.158, a bullish sign. This surge in “whale accumulation” signals that investors with deep pockets remain confident in XRP.
Ledger activity and ETF optimism: Network usage has spiked amid renewed ETF talk. XRP Ledger (XRPL) daily active addresses jumped from roughly 40,000 to about 295,000 in recent weeks. Analysts link this to ETF optimism: investors are speculating that a spot XRP ETF will be approved soon. Notably, asset manager Franklin Templeton is among the firms pursuing an XRP ETF. The SEC’s eventual decision on ETF filings could be a major catalyst, and Franklin Templeton’s application is seen as a key development.
Legal clarity (Ripple vs. SEC): Settlement talks between Ripple and the U.S. SEC are reportedly ongoing. A settlement or court decision that grants XRP legal certainty in the U.S. would be a huge positive. In particular, dissolving SEC injunctions or penalties would “eliminate the legal overhang” and likely accelerate ETF approvals. Markets are watching for news on the lawsuit; a favorable outcome could lift sentiment.
Stable price under pressure: Remarkably, XRP has held its ground despite global headwinds. It fell only about 13% from its January peak (~$3.39). Compared to many altcoins, XRP’s volatility has been relatively low – for example, it’s been steadier than Solana, Cardano or Polkadot recently. This resilience amid rate hikes and geopolitical risk shows underlying confidence in XRP’s fundamentals.
Scenarios: If $2.190 resistance breaks, the path could clear to $2.40–$2.75 next. Coupled with an ETF green light and SEC clarity, bullish forecasts see $3.00–$3.40 as a target zone. On the flip side, a drop below ~$2.133 (recent support) could retest the ~$1.98–$2.00 area. Current indicators favor the upside, but traders will watch volume and news for confirmation.
In summary, XRP’s charts and on-chain data are flashing green. A squeeze of interest from whales, exploding ledger activity (thanks to ETF rumors) and easing legal risk have laid a bullish foundation. With the crypto community now “holding its breath,” every new update – from SEC rulings to ETF filings – could spark a decisive move. The market is eagerly anticipating the next chapter in XRP’s story.
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