Ripple has made headlines again after unlocking $3.28B worth of XRP from its escrow wallets this month. While this is a planned part of Ripple’s token release schedule, such a large unlock often sparks short-term selling pressure , and traders are already watching key levels closely.
Current Market Levels:
Resistance: $3.46
Support Zones: $2.96 – $2.73
After Ripple’s recent SEC settlement win, institutional confidence has surged – with inflows up 208% in just a week . Prices briefly touched $3.27 before consolidating near $3.22. The market is now debating: will this be a healthy pullback or the start of a bigger correction?
🏛 Regulatory Boost:
Ripple also secured a new SEC waiver, which could open the doors for even more institutional adoption and possibly integration into major payment networks.
# The Big Picture:
Short-term: Price volatility likely due to the massive unlock.
Long-term: Strong fundamentals, regulatory clarity, and rising institutional interest keep the bullish case alive .
💬 What do you think – is XRP preparing for its next big breakout, or is caution the smart play here?