• XRP is trading at a level of $3.15-$3.17, with a market capitalization reaching $186-$188 billion (ranked #3)
• The recent decline (-1.86% over 24 hours) follows a price surge to $3.36, with a daily trading volume ranging between $8-$9 billion
• The U.S. Securities and Exchange Commission (SEC) decision that "XRP is not a financial instrument" has removed one of the prominent regulatory risks
Key Growth Drivers
• Ripple's acquisition of Rail for $200 million enhances its capabilities in payment infrastructure
• Accumulation of large amounts of XRP by whales (900 million XRP) and an open interest rate of $8.5 billion reflect institutional confidence
• The company's return to fundraising capability accelerates expansion potential
• Among the warning indicators: bearish divergence in the RSI and market capitalization significantly surpassing the total value locked (TVL) by a factor of 2200
Technical Outlook and Trading Levels
• Critical support area: $2.70-$2.55; breaking the $2.80 level could lead to a deeper correction
• Major resistance: $3.35-$3.40; a breakout could target the $4.45-$5.50 level
• The MACD indicator shows positive divergence while the RSI indicates a potential weakening of momentum
• AI models predict a price range between $2.80-$3.20 with expected volatility near impactful catalysts