📌 Summary
🟢 XRP today is at a pivotal point – prices are hovering around $2.75-$2.90, and with large investors (whales) entering and transaction momentum in the network, we may see a breakout or correction soon.
🔍 The points you are monitoring:
• The support is around ~$2.75-$2.80
• The resistance is around ~$2.95-$3.00
• Continued accumulation by whales and institutional pressure as key factors
• Any break of support could push down towards ~$2.20
⚠️ Note: This is not financial advice, but merely a technical and market perspective.
📊 Brief and useful analysis
1. Technical indicators and price volatility
Prices over the past few days have shown weakness in upward momentum against resistances of ~ $2.95-$3.00.
The strong support often seen is the range of $2.75-$2.80, and if broken down, the collapse could lead to ~$2.20 approximately.
Some forecasts for this week assume an initial correction towards ~ $2.95 followed by a potential rebound, with the possibility of continuing the upward trend if the price maintains support.
Additionally, some medium-term models predict that XRP could trade between ~$2.86 and ~$4.40 in 2026 if the positive momentum continues.
2. Network activity and institutional demand
Transaction activity on the XRP network has increased, especially the part of transactions other than payments like DEX, indicating increased use of the network.
A large number of wallets (whales) hold massive amounts of XRP, reflecting an element of confidence or potential future pressure.
Growing institutional interest, and requests for investment funds (ETFs) including XRP, are fundamental factors that could push the price up if regulatory approvals are obtained.
3. Catalysts & risks
Catalysts:
Approval of investment funds (ETFs) that provide direct exposure to XRP.
Improvement in regulatory conditions in the United States or major countries.
Continued accumulation by whales and increased practical use of the network.
Risks
Breaking support (~$2.75) could lead to significant selling pressure.
Any delay or regulatory rejection of investment funds or legislative amendments could pressure the price.
Massive sales from institutions that entered in earlier periods may create significant reverse supply pressure.