@henrydmlk
XRP recently surged past $2.00, driven by positive developments in Ripple’s legal case and increasing institutional interest. President Trump’s announcement of including XRP in a strategic crypto reserve has also fueled optimism.
On-Chain Data:
XRP recorded 2.6M transactions in the past 30 days, signaling strong network activity.
Whale accumulation is increasing, reducing exchange supply and indicating strong demand.
Market Depth:
XRP’s trading volume has spiked, reflecting solid market liquidity.
Analysts suggest a symmetrical triangle breakout could push XRP 80-100% higher, potentially reaching $4.50-$5.00.
Conclusion:
With bullish on-chain data and strong market depth, XRP appears well-positioned to challenge the $3.00 resistance level soon. However, regulatory developments and overall market trends could still impact its trajectory.
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