Ripple’s XRP Price: 3 Key Signals Traders Can’t Afford to Miss Today
XRP bulls are eyeing make-or-break levels as Ripple’s legal saga enters a new phase. Here’s what’s moving the needle.
1. The SEC Shadow Play
Regulatory FUD still looms—because nothing says 'decentralization' like waiting for a US agency’s blessing.
2. Liquidity Game Changer
Whale wallets are stacking or dumping? On-chain data spills the tea before the price does.
3. The Bitcoin Domino Effect
When BTC sneezes, altcoins catch pneumonia. Watch for XRP’s beta play as macro winds shift.
Pro tip: If '3 things to watch' lists actually predicted prices, we’d all be on a beach. DYOR—your portfolio will thank you later.
1. Key Resistance Under Pressure
Yesterday, buyers pushed XRP to the key resistance at $2.3, but sellers returned to stop a breakout. At the time of this post, the price is in a pullback. Nevertheless, this is a positive sign that shows buyers are returning. If this bullish momentum intensifies, then $2.3 could fall and be followed by a test of $2.6 next.
2. Optimism Returns
With the price keen on making higher highs, Optimism is returning to this cryptocurrency. This can be seen on the volume profile where buyers have dominated in the last few days. A break above $2.3 will likely see the volume spike and allow further price expansion into new highs.
3. MACD Turning Bullish
After the daily MACD turned positive last week, the 2-day MACD has also turned bullish today. This shows that the buy momentum is slowly creeping into higher timeframes which will build confidence in the price action and attract more buyers. With a positive feedback loop in action, XRP has a good shot at $2.6 or even higher in July.