1. Summary

$XRP Short-term bias neutral → leaning towards a bounce if the support area ~2.818–2.94 holds; prioritize probe above 1H close confirmed through ~3.10 or buy on reaction at support if a clear rejection occurs. (Note: recent regulatory moves have opened the door for investment, but ETF rulings have delays, and whale activity has just created strong selling pressure).

2. Analysis

Technical: 1H shows a support cluster around 2.818–2.94 and immediate resistance ~3.07–3.10; the area 3.14–3.15 is a higher supply level that needs to be broken to continue momentum.

Fundamentals: Some previous legal advances have reduced risks; this is foundational for institutional cash flow but the recent ETF decision has been postponed/delayed, causing increased volatility.

Sentiment / on-chain: reports of whales pushing large liquidity (≈470M XRP) in the recent downturn — creating short-term selling pressure, while also recognizing an accumulation phase of whales beforehand (large amounts gathered over the past week), so the market is currently a battle between profit-taking and accumulation.

3. Strategy

  • Entry: Buy when 1H closes > 3.10–3.12 (confirming break of resistance area) — or buy on reaction when a clear wick rejection is seen at 2.82–2.90 along with a confirmed increase in volume.

  • Stop-loss: SL = 2.70 (clearly, set below the support area of 2.818 to avoid false wick).

  • TP1/TP2: TP1 = 3.30–3.35 (supply area/first take), TP2 = 3.90–4.20 (expanded target if the next momentum organizes).

  • Exit triggers: exit early if there is a large sell-off from whales / large amounts moving to CEX, extremely negative news related to ETF/licenses, or if the price breaks down below 2.818 and does not recover.