XRP on guard! Explosive technical setup could shake the market at any time❗🚀
Although the cryptocurrency market is facing global shocks, the technical and fundamental data for $XRP are sending positive signals. The formation of a bullish descending wedge, whale accumulation, #ETF applications, and critical events in the Ripple-SEC case suggest that the asset may be preparing for a new rally.
📐 XRP price is consolidating in a bullish wedge
The price of XRP has been stuck between $2.135 and $2.186 in recent days. This narrow trading range technically forms a bullish wedge. This structure is historically seen as a precursor to upward breakouts.
Support point: $2.150 – also the 38.2% Fibonacci retracement level
Resistance point: $2.190 – if broken, a sharp rise is expected
RSI (Relative Strength Index): moving in the neutral zone, on the verge of a sharp move
MACD: horizontal, impulse signal is still unclear
This technical structure shows that the price is preparing for a calm but controlled breakout, and investors are waiting for the moment of breakout.
🐋 Whale activity at its peak: XRP investors are regaining confidence
According to on-chain analysis platform Glassnode, XRP whales made significant accumulations during June. In particular, the number of wallets holding more than 1 million XRP quickly increased, while most large purchases occurred in the $2.133 - $2.150 range.
Daily realized profits: increased to $68.8 million
Volume profile: investors tend to buy more than sell
Price reaction: after purchases, the price rose to $2.158, which provided bullish confirmation
This development shows that institutional investors maintain confidence in XRP and are buying for potential growth.
📈 Activity on the XRP Ledger is skyrocketing: has ETF pricing begun?
One of the most striking events is the explosion of user interactions on the XRP Ledger (XRPL). This increase, occurring simultaneously with ETF rumors, shows that the market is once again focused on XRP.
Number of active addresses: increased from 40,000 → to 295,000
Why? Expectations of ETF application approval have mobilized investors
Volume: spot and derivative volumes increased to 80% after ETF news
The most significant ETF application was submitted by asset management giant Franklin Templeton. Approval of this application by the SEC could pave the way for XRP to meet with institutional investors and test prices above $3.
⚖️ Ripple – SEC case: negotiations for a settlement are ongoing
It is reported that negotiations for a settlement are ongoing in the continuing case of Ripple with the U.S. Securities and Exchange Commission (SEC). If clarity is provided in this process, XRP may gain full legal status in the U.S. market.
Investor expectations: a ruling in favor of Ripple or a settlement
Impact: Legal clarity → may expedite ETF approvals
Impact on price: the $3.00 - $3.40 range will become a new target resistance point for XRP's price
Ripple's legal team prefers to resolve the process without public announcement. However, this silence in the market is interpreted as an approaching positive consensus.
🌍 XRP remains strong despite macroeconomic risks
Despite rising interest rate pressures, geopolitical tensions, and regulatory uncertainty worldwide, XRP has not experienced a significant drop from its peak of $3.39 earlier this year. This shows that investor confidence is still high.
Price change since the beginning of the year: -13%
Compared to competitors: lower volatility compared to Solana, Cardano, and Polkadot
The role of institutional investors: supporting XRP price stability
🎯 Technical targets and possible scenarios
Positive scenario:
$2.190 resistance broken → the $2.40 - $2.75 area may be tested
ETF approval + SEC consensus → $3.00 - $3.40 possible again
Negative scenario:
Support at $2.133 broken → $1.98 - $2.00 range possible
However, current indicators show that the probability of an upward breakout is significantly higher.
📌 Conclusion: XRP is on the verge of a critical breakout
The current technical structure of XRP, combined with increased user activity, whale purchases, and ETF expectations, suggests that a significant breakout is imminent. The market is holding its breath right now. If the breakout is supported by volume, XRP could surge sharply towards $3.
