$XRP trading at $2.80 (+8.56%) after breaking key resistance to reach $2.97. Institutional dominance evident with whale wallets holding 47B+ XRP and $8.9M in net inflows. Reserve inclusion catalyzing institutional interest.
Key Drivers
Regulatory progress and strategic partnerships fueling adoption. BNY custodianship of RLUSD stablecoin signals institutional validation. Upcoming ProShares XRP ETF (mid-July) expected to unlock significant capital. Banking license application progressing.
Trading Outlook
• Support: $2.70-$2.75
• Resistance: $3.00 with path to $3.84 (2021 high)
• MACD: Bullish, RSI: Overbought
• Entry strategy: Long positions above $2.85, stop-loss near $2.60
• Breakout momentum confirms uptrend
Sentiment & Risks
92.47% bullish sentiment on Binance Square. Watch for profit-taking, whale concentration concerns, and price reporting anomalies. Monitor ETF flows closely approaching the $3.00 psychological barrier.