🔍 Current price & market sentiment
• XRP is currently fluctuating around ≈ $2.11, with a slight decrease of ~–3–3.5% compared to 24 hours ago, fluctuating between $2.10–$2.21
• Data from Coinbase and Kraken confirms the current price range of $2.11–$2.19.
• The market shows signs of subtle accumulation, with trading volume slightly decreasing while the price remains above the support level of $2.15.
⸻
📰 Hot news & technical analysis
1. The “whales” are not dumping additional XRP, indicating an accumulation trend occurring before a potential breakout to $3+ in Q3
2. Analysts say XRP is highly resilient, and could “surge to $3–$4 in the coming months” thanks to positive technical momentum.
3. Legal developments from the Ripple–SEC case: Judge Torres recently denied the motion to lift the injunction, creating short-term pressure causing XRP to drop to around $2.08–$2.12
4. A report notes that 67% of XRP liquidity is concentrated on 3 major exchanges (Binance, Coinbase, Bitget) — this is a risk factor if significant volatility occurs
5. According to CoinDesk, XRP is currently showing resistance with negative MACD signals, laying the groundwork for a bull run similar to Bitcoin at the end of 2024
⸻
📈 Outlook & investment strategy
• Short-term (Q3): Many analyses indicate XRP is about to breakout towards $3–$4, especially as the market accumulates and the fundamental momentum is strong. However, legal signs and concentrated liquidity remain risks to monitor.
• Medium to long-term (by the end of the year): If capital flows into altcoins and Ripple achieves further legal breakthroughs (or if the XRP ETF is approved), the $5–$6 range is not far off.
• Suggested strategy:
• Gradually accumulating around the support zone of $2.10–$2.15.
• Preserve capital if the price breaks below $2.08 or if there are adverse movements from legal actions.
• Take partial profits in the $3–$4 range to secure gains.