Mapping XRP’s road to $2.60 – Bulls can trigger a breakout IF…

Key Points

1. XRP is testing the $2.38 resistance level, a historically significant barrier where over 2.75 billion tokens were previously transacted.

2. Spot Taker CVD shows aggressive buy orders, but cooling spot volume signals waning market conviction, which could limit sustained upward momentum.

3. XRP’s Network Value to Transactions (NVT) ratio dropped 43.49% in 24 hours, indicating improved utility and efficiency, supporting potential price appreciation.

4. Short liquidations between $2.30 and $2.38 could trigger a surge if XRP breaks above this zone, but high leverage positions add volatility.

5. A symmetrical triangle pattern suggests an imminent directional move; a breakout above $2.38 could target $2.60, while failure may lead to a pullback to $2.11.