👀 Ripple ( $XRP ): ETF Euphoria and Technical Breakthrough – The Dawn of a New Era?
Market Capitalization: $142.6 billion.
XRP exploded in late December, showing over 25% growth in a week and a 10.54% jump in 24 hours.
🟡 While Bitcoin and Ethereum crawled with 1-2% gains, XRP rocketed forward like a missile, leaving many competitors in the dust.
What Happened❔
🗣The main catalyst was massive inflows into XRP-based ETFs and a breakthrough of the critical technical level of $2.28–$2.32, which had held the price back six times since December.
🗣This breakthrough opened the floodgates for a new wave of buying, and market capitalization soared from $120 billion to $142.6 billion.
🗣Trading volume reached $6.74 billion – this isn't speculative fuss from small players, but real participation from big money.
🗣Open interest in futures jumped 23%, exceeding $4.7 billion, which shows: institutions are entering seriously.
Technical Picture❕
🗣XRP established itself above the 200-day EMA ($2.35) – a key trend confirmation level. RSI around 74.7 indicates strong demand without overheating, while volatility of 4.7% shows controlled expansion.
🗣Interestingly, the Fear and Greed Index remains at 26 – that's fear, not euphoria. The gap between price growth and sentiment often means the trend can continue while most haven't yet jumped on the train.
Trading Guidelines:📈📉
📈 Consolidation above $2.50 – movement towards $2.80-$3.00. 📉 Return below $2.28 – correction to $2.03.
Conclusion: XRP is undergoing structural revaluation. Institutions are accumulating, technicals are confirming, volumes are growing. Watch the $2.28 level – it's the key to further movement.
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👀 Ripple ( $XRP ): ETF Euphoria and Technical Breakthrough – The Dawn of a New Era?
Market Capitalization: $142.6 billion.
XRP exploded in late December, showing over 25% growth in a week and a 10.54% jump in 24 hours.
🟡 While Bitcoin and Ethereum crawled with 1-2% gains, XRP rocketed forward like a missile, leaving many competitors in the dust.
What Happened❔
🗣The main catalyst was massive inflows into XRP-based ETFs and a breakthrough of the critical technical level of $2.28–$2.32, which had held the price back six times since December.
🗣This breakthrough opened the floodgates for a new wave of buying, and market capitalization soared from $120 billion to $142.6 billion.
🗣Trading volume reached $6.74 billion – this isn't speculative fuss from small players, but real participation from big money.
🗣Open interest in futures jumped 23%, exceeding $4.7 billion, which shows: institutions are entering seriously.
Technical Picture❕
🗣XRP established itself above the 200-day EMA ($2.35) – a key trend confirmation level. RSI around 74.7 indicates strong demand without overheating, while volatility of 4.7% shows controlled expansion.
🗣Interestingly, the Fear and Greed Index remains at 26 – that's fear, not euphoria. The gap between price growth and sentiment often means the trend can continue while most haven't yet jumped on the train.
Trading Guidelines:📈📉
📈 Consolidation above $2.50 – movement towards $2.80-$3.00.
📉 Return below $2.28 – correction to $2.03.
Conclusion:
XRP is undergoing structural revaluation. Institutions are accumulating, technicals are confirming, volumes
are growing. Watch the $2.28 level – it's the key to further movement.
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