$XRP is igniting 🔥… Will the rise continue or is a correction approaching?
XRP is currently trading at $2.14, achieving +5.5% over 24 hours after breaking resistance at $2.00, with a clear upward momentum supported by a golden cross in MACD and strong institutional inflows exceeding $1.18 billion into XRP funds.
The important question 🤔:
Is this rise sustainable or are we facing a near correction?
The analytical answer 📊:
Although the RSI at 71 indicates overbought conditions and the possibility of a short-term correction, the overall picture remains positive:
The price maintains trading above $2.00 (a strong pivot level).
Regulatory clarity after the SEC settlement has restored institutional confidence.
Smart money is in profitable long positions with an average entry of $1.96.
A significant increase in trading volumes and derivatives reflects growing interest.
📌 In conclusion:
We may see some volatility or a limited correction, but as long as XRP maintains support, the medium and long-term upward trend remains intact, targeting resistance at $2.20 and beyond.
💬 What do you think? Will XRP succeed in establishing its footing above $2 and launch to higher levels?