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XRP is now at 1.1u. It just broke through this key resistance level today, and the trading volume has increased significantly.
We previously analyzed that XRP was around 1u. At the time, we said this was the most important psychological support—and it did hold up. Now that it has risen to 1.1u is a good sign.
One thing worth mentioning: 4 days ago, Ripple obtained a full regulatory license in Europe, allowing it to legally provide services across the entire EU. This timing is interesting. We just wrote an article about a certain An Europe license facing issues, and as it turned out, on the XRP issuer side they actually secured the license properly.
The ETF side has also been steadily bringing in capital—cumulative net inflows are close to $1.5 billion. Also recently, big holders have been quietly adding positions, while retail investors haven’t really followed in yet. This structure—where big players move first and retail hasn’t entered—often signals a move higher.
After breaking above 1.1u today, this level is now acting as support. If it holds, the next resistance to watch is 1.13u to 1.15u. Once it clears that, then we look at 1.2u.
If 1.09u can’t hold and price falls back below it, it suggests this breakout was another false signal, and then it’s back to ranging within the old range.
Last year’s high was 3.65u, and now we’re only at 1.1u. If the broader market sentiment turns back around, there’s still plenty of room.#XRP $XRP