🔹 Market Overview
XRP is currently trading at $2.4823, showing a strong bullish trend on higher timeframes. The price action is consolidating after a recent upward move, suggesting a potential continuation or a minor retracement before another leg up.📊 Key Market Indicators:
- 30-Min Chart: XRP shows a series of higher lows, indicating buyers are stepping in at dips. Strong liquidity zones between $2.40 - $2.42 provide support.
- 4H Chart: The Market Cipher indicator is flashing bullish divergence, with momentum waves showing a positive cross-over.
- Daily Chart: XRP is currently in a reaccumulation phase after a strong rally, supported by whale accumulation seen in on-chain metrics.
🔸 Order Flow & Whale Activity
- 🔴 Big Sell Walls: Resistance seen near $2.55 and $2.62, where large sell orders are sitting.
- 🟢 Strong Buy Zones: Whales accumulating near $2.38 - $2.42, suggesting a possible price floor before the next breakout.
- 🔥 Liquidation Heatmap: High liquidity pool at $2.50, which could act as a magnet for price movements.
🔺 XRP Forecast & Next Levels to Watch
- Next Potential Top: $2.62 - $2.65 (Expected in the next 12-16 hours based on liquidity imbalances and momentum flow.)
- Next Potential Bottom: $2.38 - $2.40 (In case of retracement, expect support in this region.)
- Trend Continuation Signal: A confirmed daily close above $2.55 could push XRP towards $2.70+ levels.
🔄 Strategy Suggestion:
- Short-term traders: Watch for entries around $2.40 - $2.42 with stop-loss at $2.38.
- Long-term holders: The trend remains bullish, and any dips to $2.38 - $2.42 could be a strong accumulation zone.
🌎 Macro Factors Influencing XRP
- 📈 M2 Liquidity Expansion: The global M2 money supply is increasing, fueling liquidity into risk-on assets like XRP.
- 📌 SEC & Regulatory News: Any updates on the SEC case could create volatility.
- 🔗 On-Chain Activity: Whale wallets have been accumulating XRP over the last 48 hours, indicating strong confidence in further upside.
📢 That’s it for today’s XRP/USD market update. Stay tuned for more updates, and always trade smart! 💹📊🚀 Follow for more insights! 🔥📈