- XRP flashes buy signals with bullish sentiment and technical breakout retest confirmation.
- Whale activity and liquidation clusters hint at possible short squeeze near $2.40–$2.45.
- Weak network activity and flat funding rates suggest limited momentum for sustained rally.
Ripple’s XRP has caught the market’s attention again. A string of buy signals lit up the hourly chart, turning heads among traders and analysts. Sentiment quickly shifted. Crowd behavior shows rising excitement. Smart money appears to echo this confidence. Meanwhile, XRP’s price hovers near $2.37, holding firm after a strong wedge breakout retest. Though the gains remain modest, underlying momentum tells a deeper story—one filled with potential surges and looming volatility.
Signals Align, But Caution Still Lingers
Multiple TD Sequential buy signals popped up recently. Traders often see these as green lights. XRP also trades above a crucial technical level, reinforcing the bullish setup. Holding this zone after a wedge breakout suggests strength, not luck. Prices pushing higher from this zone could lead to a serious breakout. Adding fuel to the fire, whales have gathered near $2.38. Leverage clusters continue forming just above current levels. The liquidation heatmap hints at possible fireworks. If momentum climbs, XRP could trigger a short squeeze.
Bears might scramble, sending price action flying. Open Interest between $2.40 and $2.45 also demands attention. Across Binance, OKX, and Bybit, the numbers suggest strong positioning. A break above this pocket might unlock acceleration, catching latecomers off guard. Despite the bullish setup, some data cools the excitement. Funding rates remain nearly flat, suggesting neither side dominates. Historically, this signals consolidation, not trend. Price often pauses here—like a calm before the storm.
The Real Test Lies Ahead
Beyond price charts and whale moves, the network tells another story. Daily active addresses dropped to 8,706. Transactions fell sharply too. Compared to March and April, the network now feels quieter. That silence can weigh on momentum. A rally without participation feels hollow. Fewer users suggest weaker utility, especially from retail players. The blockchain breathes slower, and that could stall growth if not reversed.
Still, technical strength remains. XRP successfully retested the wedge breakout. Price held above the 0.382 Fib level at $2.365. That’s no small feat. It proves buyers showed up when it mattered. But bulls face a bigger test near $2.542. This resistance aligns with the 0.618 Fibonacci level. If XRP climbs above this barrier, momentum could explode. Failure, though, risks trapping price in a tight band.
XRP flashes strength with buy signals, whale interest, and a clean technical retest. But fading network activity, flat funding rates, and hesitant inflows hint at hesitation. Traders should watch support near $2.30 and resistance at $2.54 like hawks. A break above or below either zone could spark serious movement. Until then, expect chop, pauses, and a market holding its breath.
