XRP Enters Danger Zone where Bulls Face Make-or-Break Battle at $2.30
Main Idea
XRP is at a critical price level of $2.20–$2.30, where a breakout could push it toward $3+, while failure to break resistance may lead to a decline to lower support levels.
Key Points
1. XRP is hovering near the $2.20–$2.30 resistance zone, a key level that will determine whether it surges toward $3+ or falls back to the low $2s.
2. Institutional inflows into XRP investment products reached $10.6 million last week and $219 million year-to-date, surpassing Solana and nearing Ethereum.
3. Whales holding 1M–10M XRP have increased their holdings by 65% since November 2024, now controlling nearly 10% of the total supply, signaling strong confidence in a future price surge.
4. A breakdown below $2.15 could lead to a rapid decline toward $2.00, with further downside risk to $1.90, the June low.
5. At the time of writing, XRP is trading at $2.215, with significant price pressure building due to accumulation by whales and institutions.
Description
Price pressure on XRP (XRP-USD) builds as whales quietly accumulate, institutions pour in, and $3 sits just one breakout away. XRP is hovering near...
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