Market Overview
XRP trading at $2.35 (+12% in two weeks), forming 180-day ascending triangle pattern. Binance data shows 40% volume surge and $850M futures open interest, suggesting accumulation before possible major move.
Key Catalysts
• Technical: Sustained support at $2.10 since March, with 50-day EMA acting as floor
• On-chain: Major whale transactions exceeding $50M in 48 hours
• Fundamental: XRP Ledger upgrade improving scalability
• Strategic: Ripple's CBDC partnerships expanding in Asia
Trading Opportunities
Breaking $2.45 could trigger 40% rally toward $3.30, with long-term target at $4.10. Recommended stop-loss below $2.15. Volatility indicators suggest potential for 80%+ Q3 moves.