đź‘€ Possible scenario:
XRP is consolidating between $2.05 and $2.40, forming a bullish pennant on the weekly chart — similar to the 2017 setup before a 1300% rally. Analyst Mikybull Crypto predicts a 530% surge to $14 if resistance breaks. For continued upside, XRP must break above the 200-day SMA ($2.37) and hold above $2.65. RSI has climbed from 29 to 52, signaling recovery. A breakout above $2.65 could lead to $3.00 or even the 7-year high of $3.31. Failure to break $2.37 may send price back to $2.05.
Network activity is surging: XRPL is averaging 295K daily active addresses — 7x the 3-month average. Whale wallets (holding 1M+ XRP) hit a record 2,708, signaling growing institutional interest. Trident Digital plans a $500M XRP treasury, Circle launched USDC on XRPL, and Guggenheim is issuing digital commercial paper on the network. A spot XRP ETF approval could drive price to $25. Trading volume jumped 245%, open interest rose to $4.02B, and derivatives volume hit $9.8B. Price hovers around $2.22 as the market reacts to on-chain momentum.
âś…Support and Resistance Levels
Support level is now located at 2.1215
Now, the resistance level is located at 2.3370.
XRP is consolidating between $2.05 and $2.40, forming a bullish pennant on the weekly chart — similar to the 2017 setup before a 1300% rally. Analyst Mikybull Crypto predicts a 530% surge to $14 if resistance breaks. For continued upside, XRP must break above the 200-day SMA ($2.37) and hold above $2.65. RSI has climbed from 29 to 52, signaling recovery. A breakout above $2.65 could lead to $3.00 or even the 7-year high of $3.31. Failure to break $2.37 may send price back to $2.05.
Network activity is surging: XRPL is averaging 295K daily active addresses — 7x the 3-month average. Whale wallets (holding 1M+ XRP) hit a record 2,708, signaling growing institutional interest. Trident Digital plans a $500M XRP treasury, Circle launched USDC on XRPL, and Guggenheim is issuing digital commercial paper on the network. A spot XRP ETF approval could drive price to $25. Trading volume jumped 245%, open interest rose to $4.02B, and derivatives volume hit $9.8B. Price hovers around $2.22 as the market reacts to on-chain momentum.
âś…Support and Resistance Levels
Support level is now located at 2.1215
Now, the resistance level is located at 2.3370.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.