#xrp #BTC
📊 Updated Technical Analysis for XRP – Are We Starting a Bull Wave? 🚀
XRP has been moving strongly recently, currently trading around $2.18 after a clear breakout of the previous resistance area at $1.92–$2.00.
✅ Current Observations:
• The price is above the 50-week moving average (EMA), which is a strong technical signal for a trend change towards the upside.
• Clear accumulation from whales, especially wallets holding between 10K to 100K XRP, have reached record levels of 7.34 billion XRP.
• The buying momentum is supported by positive news, including a decrease in geopolitical tensions and renewed institutional interest in Ripple.
🔍 A Look at the Technical Levels:
• Current Support: $2.10
• Next Resistance: $2.45 then $2.80
• If $2.80 is broken consistently, we might see a target for the $3.20–$3.50 area soon.
📉 In Case of a Correction:
• Strong support at $1.92–$2.00
• Breaking this could take us back to the $1.70 area to test recent lows.
📌 My Personal Opinion (not investment advice):
If XRP maintains $2.10 as support and the positive momentum continues, we have an excellent entry opportunity with good risk management.
📢 Share your opinion with me, can XRP break $2.80 and reach $3 in the near term? Or will we see a correction before the surge? 🤔
