Right now, as I see it, there are very interesting prospects for #XRP . If we believe the on-chain data analysis, Ripple's token has every chance for a bullish breakout.
I noticed that #XRP has been moving sideways for some time, facing resistance at the level of $3.34 and finding support at $3.11. But there are several factors that indicate a possible rise.
Firstly, selling pressure is decreasing. According to Glassnode, the share of XRP on centralized exchanges has dropped to 5.66%, which is a monthly low. This means that fewer tokens are being offered for sale. Secondly, there are so-called liquidity clusters. The Coinglass map shows a concentration of capital just above the current price, around the level of $3.4. This could attract bullish momentum and provoke liquidations, which in turn would push the price up.
If the bullish scenario plays out, XRP may break through resistance at $3.34 and rise to $3.66. Of course, there are risks. If support at $3.11 does not hold, the price could drop below $3 and even test the mark at $2.98. But overall, I am optimistic.