🧠 My humble opinion on the movement of $XRP
In 1D timeframe, applying Heikin Ashi candles, Bollinger Bands, divergent RSI, and Matrix Series, an interesting technical behavior in XRP can be observed:
The last relevant maximum was on January 16, 2025, when the price reached $3.40. Subsequently, the lowest value was recorded on April 7 at $1.61, marking a clear area of strong accumulation.
From that point, the market showed sustained momentum for 37 days, which drove the price to $2.64, consolidating a recovery range with likely institutional entry.
On June 6, a new buy signal was observed, reinforced by a second confirmation on June 22, when the price was at $1.90, shaping a double bullish entry structure.
Today, with the asset around $3.03, a phase of distribution or profit-taking is consolidating, as reflected by the candle pattern and the exhaustion in RSI.
From this perspective, a technical correction towards $2.39 can be expected, a level that coincides with intermediate supports. Nevertheless, the average of the Bollinger Bands at $2.23 offers a more conservative technical reference for the pullback.
All this analysis remains conditioned on the definitive outcome of the SEC vs. Ripple case, which, when resolved, could validate or nullify the current technical structure depending on the impact on institutional perception and the market response volume.
In 1D timeframe, applying Heikin Ashi candles, Bollinger Bands, divergent RSI, and Matrix Series, an interesting technical behavior in XRP can be observed:
The last relevant maximum was on January 16, 2025, when the price reached $3.40. Subsequently, the lowest value was recorded on April 7 at $1.61, marking a clear area of strong accumulation.
From that point, the market showed sustained momentum for 37 days, which drove the price to $2.64, consolidating a recovery range with likely institutional entry.
On June 6, a new buy signal was observed, reinforced by a second confirmation on June 22, when the price was at $1.90, shaping a double bullish entry structure.
Today, with the asset around $3.03, a phase of distribution or profit-taking is consolidating, as reflected by the candle pattern and the exhaustion in RSI.
From this perspective, a technical correction towards $2.39 can be expected, a level that coincides with intermediate supports. Nevertheless, the average of the Bollinger Bands at $2.23 offers a more conservative technical reference for the pullback.
All this analysis remains conditioned on the definitive outcome of the SEC vs. Ripple case, which, when resolved, could validate or nullify the current technical structure depending on the impact on institutional perception and the market response volume.