XRP continues to remain strong above $2 and is currently trading at around $2.13. Since the low experienced in November 2024, the price has recorded an increase of over 300%.

However, there are signs of consolidation in price movements. The recent formation of a bearish engulfing candle pattern around $2.15, which signals a decline, along with a downward trend line, indicates that sales are increasing. Additionally, the 50-period Exponential Moving Average (EMA) is also hovering near this level, creating a technical resistance.

According to Glassnode data, approximately 68.8 million dollars worth of profit realization is taking place daily; that is, early-stage investors have started to take their profits. While momentum weakening is observed in the MACD indicator, the RSI is hovering slightly below the neutral level. If buyers cannot enter the market quickly, there may be horizontal movement or a price pullback.

Technical Levels:

Resistance: $2.15 (trend line and 50 EMA)

Support: $2.086 and $2.035

The candle formation signaling a decline should be watched carefully.

There is momentum weakening in the MACD.

XRP investors should closely monitor whether the current support levels are maintained. If profit-taking continues, temporary corrections in prices may occur.

Institutional Confidence Increases with ETF Approvals

Despite short-term technical weaknesses, the fundamental dynamics of XRP continue to strengthen. The biggest reason for this is the increase in institutional support and positive developments in the regulatory field.

Purpose Investments has launched its own XRP ETF. In the US, the SEC has initiated the comment period for Franklin Templeton's ETF applications concerning XRP and Solana at the Cboe BZX Exchange. This step may allow more investors to enter the market and support the price increase of XRP.

With the clarification of regulations, experts predict that ETFs will not only reduce speculative interest but also increase institutional purchases.

What Direction is XRP's Future?

After the strong rise in November, XRP is at a critical juncture. A permanent break above the $2.15 level could eliminate the current downward pressure and push the price up to $2.34 or even $2.65.

On the other hand, if the price falls below the support level of $2.086, a deeper correction may be inevitable, and the price may retreat to the psychologically significant level of $2.00 or lower.

In the upcoming period, price movements will depend on whether the momentum brought by ETF approvals can balance profit realizations against regulatory clarity. If these factors remain strong, the bullish story for XRP may reshape. However, at this stage, it seems beneficial to be cautious in the resistance area.


PLEASE READ CAREFULLY FOR A $10 GIFT FOR 170 PEOPLE.

Friends who have not yet activated the futures trading section will earn $10 when they activate the futures trading section by entering my referral code 88623008. The first 170 people will benefit from this reward.

I AM EXPLAINING IN DETAIL.

My friends who registered on Binance without a referral, please listen carefully;

When you do what I said in order, you will earn 10 USDT.

Enter the Futures section from your application.

On the next screen, enter the REFERRAL CODE section and open your account by entering the code 88623008.

Brothers who wish to receive a reward of 10 USDT by completing this process by April 10 can do so. After this, it will be sufficient to have a trading volume of $30 after activating your account. However, even if you do this after April 10, your reward will not come. Therefore, I recommend that you handle it within 5 seconds.

THE SYSTEM WORKS ON A FIRST-COME, FIRST-SERVED BASIS. THEREFORE, DO NOT BE LATE TO CLAIM YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.

PLEASE READ CAREFULLY FOR A $3,300 GIFT.

Friends, you know that as publishers, we do everything we can for you. We convey the services and opportunities provided to us by our authorities to you. I have never withheld my support for both the cryptocurrency market and you; on the contrary, I strive to provide more support.

Now I will explain how to claim your gift. First, those of you who have not opened a futures trading account need to activate this account with a short transaction. I will explain in detail and simply how to activate it.

So who can benefit?

Friends who have not yet activated the Futures section can activate it by entering my reference code 88623008 when opening the FUTURES section. It's an easy process. I've shown where it is below.