đź‘€ Possible scenario:
XRP is struggling below the $2.27 resistance, with downside risks if it breaks $2.16 support—potentially falling to $2.08. The RSI near 50 and tight EMA range suggest a major move is coming, with low volume heightening volatility risks.
Meanwhile, institutional interest is rising. Hyperscale Data plans to invest up to $10M in XRP to power its upcoming blockchain-based lending platform for U.S.-listed companies, using the XRP Ledger for speed and cost-efficiency. Futures on the CME will hedge volatility. The launch depends on market and regulatory conditions. Separately, China’s Webus International announced a $300M XRP reserve plan to boost cross-border payments and blockchain growth, sending its stock up over 60%.
âś…Support and Resistance Levels
Now, the support level is located at 2.1100.
Resistance levels is now located at 2.3550.
XRP is struggling below the $2.27 resistance, with downside risks if it breaks $2.16 support—potentially falling to $2.08. The RSI near 50 and tight EMA range suggest a major move is coming, with low volume heightening volatility risks.
Meanwhile, institutional interest is rising. Hyperscale Data plans to invest up to $10M in XRP to power its upcoming blockchain-based lending platform for U.S.-listed companies, using the XRP Ledger for speed and cost-efficiency. Futures on the CME will hedge volatility. The launch depends on market and regulatory conditions. Separately, China’s Webus International announced a $300M XRP reserve plan to boost cross-border payments and blockchain growth, sending its stock up over 60%.
âś…Support and Resistance Levels
Now, the support level is located at 2.1100.
Resistance levels is now located at 2.3550.
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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.