Today, the XRP currency experienced notable fluctuations between levels of $2.94 and $3.05, amid increasing selling pressures and significant whale movements. Although the price temporarily broke through the psychological support barrier at $3.00, it managed to hold near $2.97.

🐳 Major impacting events:

Transfer of 200 million XRP (worth $592 million) to Ripple.

Kraken transfers 82 million XRP to an unknown wallet.

Increase in open interest driven by hopes of a potential ETF.

📉 Technical Analysis:

Critical support at $2.94, and breaking through it could open the way towards $2.60–$2.10.

Strong resistance at $3.05–$3.10, and breaking through it reinforces the bullish reversal scenario.

Indicators of a potential reversal pattern (double bottom).

📌 Summary: XRP is at a pivotal stage. Recent movements by whales and increased withdrawals from platforms indicate rising tensions between sellers and buyers. Close monitoring of price movement in the coming hours will be key to upcoming forecasts.

#XRP Rippl

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