XRP is currently navigating a consolidation phase, trading around $3.27 with a modest 1.87% daily gain. Despite recent bullish attempts, whale distribution and resistance at $3.60 are capping upside momentum.
๐ Current Price: $3.27
๐ 24h Change: +1.87%
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๐ 4H Chart Analysis
- Trend: Sideways to mildly bearish โ price is range-bound between $3.24 and $3.66
- Support Levels: $3.2461 (24h low), $2.70 (swing support from July)
- Resistance Levels: $3.3475 (24h high), $3.60 (double-top zone)
- Patterns/Signals:
- Double-top formation near $3.60 โ historically a bearish reversal signal
- RSI at 50.27 โ neutral zone, indicating indecision
- Volume: 3M+ trades, but declining momentum suggests buyer fatigue
- Moving Averages:
- MA(5) and MA(10) show flattening โ confirming sideways movement
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๐ฐ Market Context & News
- Ripple vs SEC Lawsuit Ends: Ripple Labs has officially won its legal battle with the SEC, removing a major regulatory overhang
- Whale Activity: Large holders are resuming distribution, echoing Januaryโs crash pattern
- Dormant Coins Reactivated: Age Consumed spikes suggest early investors are rotating capital, raising redistribution risk
- ETF Speculation: WisdomTree and others have filed for spot XRP ETFs, fueling long-term optimism
- Partnerships:
- Rippleโs RLUSD stablecoin gaining traction
- Integration with OpenPayd and Chipper Cash for cross-border payments
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๐ฎ Short-Term Outlook
XRP remains in a tug-of-war between bullish fundamentals and bearish technicals. While regulatory clarity and ETF speculation offer upside potential, whale selling and resistance at $3.60 could trigger a pullback. A decisive break above $3.65 would flip the outlook bullish; failure to hold above $3.15 may invite deeper correction.
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๐ฌ Do you think XRP will break past $3.60 or is a retest of $2.70 on the horizon? Letโs hear your take!
โค๏ธ Like ๐ | Share ๐ค | Follow ๐ @The_Crypto_Malik for daily 4H insights
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โ ๏ธ Disclaimer: This is for educational purposes only and is not financial advice.