$XRP ‌ Ripple🔍

💰 Current Price: $1.39 USD (+1.68% in the last 24 hours)
📊 24-Hour Trading Volume: $1.71 Billion USD
🏦 Market Cap: $85.9 Billion USD
🔥 Highlights from the Last 24 Hours:
🔹Ripple, referred to as the SWIFT of the crypto market, stands out as a fast and low-cost digital payment network for institutions, attracting attention with its XRP Ledger (XRPL) structure, whose main use case is cross-border transactions.
🔹Large investors (whales) continue to accumulate XRP. While the Whale Flow 30DMA indicator has reached its highest level in 10 months, large wallets are accumulating an average of over 11 million XRP daily, and outflows from exchanges are accelerating.
🔹Interest from institutional investors is increasing as the XRP Tokyo 2026 event approaches. This event, featuring Ripple executives as speakers, will address XRPL's institutional adoption, RWA tokenization, and developments in the DeFi space.
Technical Outlook: The price has been moving in a horizontal band between the $1.30 support and $1.50 resistance since February. The cup-and-handle formation on the daily chart could technically target the $1.70 level. The RSI(14) gives a strong buy signal at the 60 level, while the MACD(12.26) is generating a buy signal with an upward turn. In the short term, if it remains above $1.40, the $1.50 resistance may be tested; in case of a possible pullback, $1.36 is the main support.
Can XRP break the $1.50 resistance this month, or will it continue to remain in the horizontal band?
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⚠️This post is not investment advice. Always do your own research (DYOR).