XRP recently rallied, e.g. a jump of around +9 % as the possibility of a spot ETF for XRP gained traction.
On-chain data shows concentration of large holder (“whale”) activity shifting: increased transfers to exchanges suggest some distribution, which may weigh on near-term price.
Technically, bullish structure emerging: A multi-month base above key Ichimoku levels is noted, which may imply strength in the medium term.
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⚠️ Key support & resistance, outlook
Support zones: ~$2.35-$2.40 area is important near-term. If that gives way, $2.20 and even ~$2.00 become relevant.
Resistance zones: ~$2.60-$2.70 is labeled as the next hurdle. A clean breakout above ~$2.75-$3.00 would signal broader upside.
Outlook:
Bullish scenario: If ETF/institutional momentum continues and XRP clears the $2.70-$3.00 range, the token could target higher levels (e.g., $3+).
Bearish scenario: If whale selling intensifies or macro/regulatory news disappoints, the support at ~$2.35 could fail and pullback risk increases toward ~$2.10-$2.20.
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✅ Bottom line
XRP is at a pivotal juncture: the medium-term structure is showing encouraging signs, but the near-term remains vulnerable to distribution and external shock. If you’re watching, keep an eye on the ~$2.35 support and ~$2.60-$2.75 resistance. A break either way could guide the next leg.
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