and has gained 35% this month, even with some recent ups and downs. Several key signs suggest it might be ready for a breakout.
Why things look bullish:
Falling Broadening Wedge: XRP is forming a bullish pattern that often leads to strong upward moves. If it breaks above the top of this pattern, a rally could follow.
Short Squeeze Setup: There’s about $1.6 billion in short positions against XRP. Even a small price jump could force those short sellers to buy back in, pushing the price up further.
Whale Buying: Big players have been loading up on XRP, showing strong belief in its potential.
Important price levels to watch:
Resistance at $3.19: If XRP breaks this level, it could head toward $3.30 or higher.
Support at $3.00: Holding this level keeps the bullish setup alive. Dropping below $2.72 could signal trouble.
Bottom line:
XRP is at a key moment. With strong technical signals, heavy short interest, and big investors stepping in, the setup looks promising—but the market can change fast. Always do your own research and consider risks before investing.