Here’s What XRP Order Book Update Says About Coming Price Rally
Main Idea
The article analyzes XRP's current market position and potential price movement, highlighting key support and resistance levels based on order book data and technical analysis.
Key Points
1. XRP is currently positioned at a strong support level around $3.20, with potential minor resistance at $3.40 before facing a significant challenge in the $3.60–$3.80 zone.
2. The order book shows heavy buying interest at $3.20, establishing it as a support base, while the $3.60–$3.80 range is packed with sell orders, marking a critical resistance area.
3. On-chain data indicates accumulation trends, with large XRP wallets increasing and transfers into self-custody reducing sell-side liquidity, which could intensify a rally.
4. A breakout above $3.40 with rising spot volume could signal momentum toward the $3.60–$3.80 zone, where the next major price test is expected.
5. Whale activity and derivatives market dynamics could influence XRP's price movement, with potential for both rally intensification and pullbacks.
Description
Xoom’s latest update on X offers a clear, data-driven snapshot of XRP’s short-term market landscape. According to the analyst, XRP is “exactly where we want it” at the $3.20 zone — a level currently acting as a strong support base. While there could be a minor pause at $3.40, Xoom believes momentum could blast through, with the real test awaiting between $3.60 and $3.80. This assessment lines up with the latest market conditions, as XRP trades just above $3.30 on major exchanges. Order Book Posi...
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