XRP's recent operations are indeed noteworthy. Although there are outflows on the ETF side, on-chain large transfers have surged, indicating that big players are buying against the trend. This kind of divergence usually signifies an impending market change. While the bears are currently vocal, it may actually be the main players taking the opportunity to wash out weak hands. Although the technicals are still bottoming out, the increased participation of institutions and the improved regulatory environment are tangible positives, which accumulate sufficient momentum for future explosions.
I am bullish on the market outlook; the current fluctuations are just to cleanse the indecisive chips. Once the key resistance level is broken and the volume comes along, the upper space will open up directly, making it possible to challenge previous highs. Don't be scared away by short-term volatility; hold onto your chips and wait for the main upward wave to arrive. Pay close attention to changes in trading volume; as long as the volume continues to increase, it is a clear entry signal.
XRPUSDT
Perp
1.3556
+1.49%