Increased today significantly — by about +8% over 24 hours — in a move driven by increased buying from large investors ("whales").
Some reports suggest that flows into exchange-traded funds (ETFs) towards XRP have increased, giving hope for greater liquidity that could drive the price to higher levels.
📊 Current technical situation
According to technical analysis data, several indicators show a "buy signal" for the XRP/USD pair: the MACD indicator is positive, and the Relative Strength Index (RSI) is at ~ 67 (indicating moderate–strong buying pressure).
The 50-day moving average appears supportive (buy signal), while the price currently sits above short-term averages.
But at the same time, another analysis warns that XRP is "out of the bullish channel" that was supporting it, which may mean that the price has become vulnerable to a drop if it loses support at ~$2.00.
We can envision 3 main scenarios in the coming period:
Moderate bullish Continuing whale liquidity + support from ETFs + price staying above $2.10–$2.20 Reaching ~ $2.50 in the coming weeks
Correction/Consolidation Weak liquidity or fluctuations in the cryptocurrency market + resistance around 2.30–2.40 Sideways trading between $2.05–$2.30 for a few weeks
Possible drop Breaking support ~ $2.00 + weak demand Dropping towards ~ $1.80–$1.90 (lower likely support)
🧠 My opinion — what would I do if I were in your place
If you are a medium-term investor (weeks – months): I consider now a potential entry point provided that good risk management is in place; current support + whale accumulation + liquidity could support an upward movement towards $2.50 or more.
But if you are cautious or expect a high rise - it's fine to wait, because the market may still fluctuate or correct.
If you like — I can provide you with a full technical analysis of XRP + scenarios for 3–6 months (support–resistance–targets) — showing likely price levels. Would you like me to start this analysis for you?
$$XRP