#xrp It surged again!#BTC再创新高
On July 10, XRP's price strongly broke through $2.39, reaching a new high in 7 weeks, directly igniting market sentiment 💥. Behind this surge is not just emotional driving; the accumulation by large whale investors has also played a crucial role.#币安八周年

🐋 Whales are taking action, and the market is getting restless!

According to Santiment's data, the number of wallets holding over 1 million XRP has surged to 2,742, with a total of 47.32 billion XRP in their hands!

What does it mean?
It means that real big players are quietly accumulating, and their holdings are almost reaching the XRP supply cap—this usually indicates strong confidence in the future market 👌.

📊 Trading volume surges, prices rise steadily

As of now, XRP's price is around $2.45, with a 24-hour increase of 4.98% and an 8.33% rise over the past 7 days.

Even more explosive is:
👉 Spot trading volume skyrocketed by 74.1% in 24 hours, reaching $4.54 billion
👉 Derivatives trading volume surged by 77.6%, with open interest also rising by over 10%

This indicates that not only has the spot market moved, but leveraged players have also jumped in, greatly increasing market activity!

📈 How does the technical aspect look? Is it a breakout or a false move?

XRP has successfully climbed above the critical $2.40 resistance, and the technicals have provided several positive signals:

🟢 Breaking through the upper Bollinger Band: short-term momentum is strong, and the trend is expected to continue

🟢 The price remains above the 10/20/50/100/200 day moving averages: medium to long-term trend is positive

🟢 MACD is in positive territory, continuously expanding: bulls are in control of the rhythm

🟡 The RSI is currently around 66: momentum is strong, but it hasn't entered the overbought zone, leaving room for further increases

Of course, there are signals to watch out for:
📉 The Bollinger Bands are widening, indicating increased volatility,
📉 Short-term stochastic RSI is close to the top, which may pose a risk of slight pullback.

🔮 What’s next? Watch two key positions!

🟩 If the bulls can keep the price above $2.40,
then the next resistance is:

  • 🎯 The $2.50 round number

  • 🎯 Previous high of $2.63 (May peak)

💥 Once these levels are broken, the market may see a stronger FOMO effect.

🟥 But if it falls back below $2.30, then caution is advised:
It may retest the 20-day moving average (around $2.21), and the market rhythm will slow down, possibly leading to consolidation.

✅ Summary: Is it takeoff? Or a trap for the bulls?

Currently, XRP is indeed performing strongly, supported by major funds, on-chain data, and technical aspects in this round of increase.

But as the market approaches key positions, it’s crucial to stay calm ⚠️.
Do not chase highs, do not panic, observe the structure, and maintain rhythm; that is the strongest trading power.

📌 Current suggestion:

  • Short-term focus on the reaction at the $2.50 resistance level,

  • Mid-term focus on whether $2.30 can hold,

  • Continue to hold the position, a breakout will see a higher line!

✍️ DYOR, manage your risk, and may everyone set sail in the crypto world! 🌊

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