⚠️ $XRP about to shoot up 35%? Not all signals agree...
XRP has stabilized after the mega market liquidation and has already accumulated a rise of +7% in 24h, trading at US$ 2.55.
📊 Bullish signals:
The SOPR indicator dropped to 0.95, a level that preceded a rise of 35% in April.
Symmetrical triangle pattern on the chart suggests a possible breakout above US$ 2.72.
Projected target: US$ 3.10 ~ US$ 3.35 (average of 35% upside)
🔻 But beware:
Long-term investors have reduced accumulation by 27% since October 2nd.
“HODLers” wallets are still in caution mode, indicating that the recovery may not have sustainable strength in the short term.
📉 Key support: US$ 2.30
📈 Immediate resistance: US$ 2.72 (decisive breakout may trigger a rally)
🧠 Technical summary:
SOPR < 1 → sell at a loss (potential exhaustion of bears)
Hodlers Net Position ↓ → still lacking conviction from strong players
Triangular chart pattern points to consolidation before the movement.
💬 And you? Are you confident in this possible rise or do you think XRP will still test supports before going up?
👇 Comment your technical or on-chain analysis here in the comments!
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