XRP, the native token of the Ripple network, is making serious waves again ๐. With an impressive rally pushing it close to $2.96, traders and analysts are buzzing with optimism. Letโs break down the latest moves and what might come next for the popular altcoin ๐.
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๐ Whales Fuel the Rally
According to on-chain data, whale wallets played a massive role in the recent spike ๐. A notable $14 million leveraged position on Hyperliquid appears to have triggered a surge in buy pressure, pushing XRP to nearly $3.00.
At the same time, trading volume jumped by 14%, confirming renewed investor interest ๐.
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๐ง Analysts Eye $3.40 Target
Technical indicators have flipped bullish โ . XRP broke above a strong resistance zone of $2.60, with analysts now looking at the $2.90โ$3.40 range as the next battleground ๐ก๏ธ.
Momentum indicators like RSI are echoing patterns seen before XRPโs November rally last year. Could history repeat itself? โณ
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โ๏ธ Legal Clarity on the Horizon?
Speculation is heating up that the SEC may halt its appeal in the Ripple lawsuit, which would be a huge win for Ripple Labs and XRP holders ๐๏ธ. This development, combined with rumors of a potential XRP spot ETF, is adding more fuel to the fire ๐ฅ.
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๐ Brief Correction, But Bulls Still in Control
After touching key Fibonacci levels, XRP saw a mild 20% pullback โ a healthy cooldown in a strong uptrend ๐. Support has been found around $2.30, with bulls defending that level confidently ๐ช.
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๐ฆ Institutions Are Watching Closely
Institutional traders are jumping into the action as well. Volume on Teucriumโs 2ร XRP ETF spiked 4ร above normal, indicating growing interest in XRP from Wall Street ๐.
Crypto analyst โJungleโ even called 2025 a potential historic year for XRP, citing factors like:
Possible national bank charter for Rippleโs RLUSD ๐๏ธ
Grayscale's GDLC XRP conversion
XRP being used as a CBDC bridge ๐
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๐ง Final Thoughts
XRP is riding high with bullish sentiment, whale backing, technical breakout, and regulatory optimism all working in its favor โ .
๐ฎ Key Levels to Watch:
Support: $2.30
Resistance: $2.90โ$3.40
Target: $4.00+ if momentum continues ๐
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๐ฌ Are you buying the XRP dip or waiting for a breakout above $3? Let us know in the comments!
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