2026-04-06 16:24:49

The rise in XRP price requires absorbing 1.2 billion tokens, but buying power is fading. Currently, XRP is at $1.33, but a massive head and shoulders pattern is forming. The "right shoulder" is currently facing resistance at 1.24 billion tokens, waiting for holders to sell at break-even.

1. 1.2 Billion Supply Cap: There is a large cluster of XRP between $1.45 and $1.47. Surpassing this cap requires enormous demand, but buying confidence has decreased by 51% since March.
2. 19% Collapse Risk: The neckline of the pattern is at $1.26. A daily close below this level confirms a bearish move, targeting $1.03.
3. Key Levels: XRP needs to regain the 20-day exponential moving average at $1.35 to show strength. Closing above $1.48 will confirm absorption of the supply barrier.
Can XRP surpass 1.2 billion tokens with half the fuel, or is a drop to $1.03 the next step?

XRP3.07%

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