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 Key takeawaysBinance’s XRP reserves surged by 43 million over the past week, indicating an ongoing sell-off in the market. XRP The main liquidation levels are $2.988 on the bottom and $3.084 on the top. As markets shift, surrounding Ripple [XRP] bullish sentiment It's heating up. The asset has performed impressively in recent days and managed to break out of a bullish pattern, hinting that an XRP bull run is imminent. XRP Price Trend, Key Levels to WatchAt press time, XRP was trading at $3.05, up 1.67% in the past 24 hours. The price increase was accompanied by a 49% surge in trading volume from the previous day, indicating strong support from investors and traders. A possible catalyst for this increased activity is a bullish breakout. According to AMBCrypto’s technical analysis, XRP has managed to break above the long-term downtrend line that has been acting as resistance since July 18, 2025. A close above the trendline on the daily chart confirms the breakout and suggests the upward momentum may continue.  Based on the current price action, if XRP maintains this momentum, the asset’s price could surge by more than 20% and could reach the $3.66 level. However, the $3.4 level appears to be a key focus for XRP as it could halt the upward momentum. For now, the asset still needs to hold key levels such as $2.93. A break below this level could lead to a sharp decline, grabbing available liquidity below the $2.70 support. Technical indicators and bullish forecasts from expertsAt the time of writing, the Supertrend indicator is red and above the asset price, indicating a prevailing downtrend and strong selling pressure. Meanwhile, the Relative Strength Index (RSI) continues to rise, reaching 57. While this level suggests the asset is approaching overbought territory, there is still room for further gains before signs of weakness emerge. Looking at the current market sentiment, a much-watched Cryptocurrency Expert Bold predictions were made. In a post on X (formerly Twitter), the expert said that if XRP breaks through the $3.05 level, it could push the asset towards the $3.60 target, which XRP has already achieved with its recent gains. On-chain data shows mixed emotionsDespite the promising outlook, Binance’s XRP reserves appear to be continuing to increase, indicating an ongoing sell-off and sending a red flag to the asset. Binance’s reserves surged by 43 million over the past week, data from CryptoQuant shows, coinciding with a period when the asset continues to show upward momentum.  In addition to potential sell-offs, traders are following the current trend by betting on long positions. The main liquidation levels for XRP over the past 24 hours were $2.988 below and $3.084 above. At this level, the trader is overleveraged, with long positions worth $65.21 million and short positions worth $24 million. Brothers, if you feel desperate or confused in the current currency circle, I hope this article of mine can help you! The bull market is still here, and now is the golden period for planning. Scan the QR code below to follow our footsteps and seize the wealth code together, welcome the upcoming bull market, and realize our dream of wealth and freedom together! Group content: 1. Seize the opportunity to build a position in the next three months, lead everyone to transcend social strata, and gain the opportunity to gain wealth! 2. Share the short-term band opportunities and long-term investment strategies of altcoin spot to help you make steady profits! Welcome to chat with me privately → WeChat: sui3786, backup: 3073259620, scan the code below!  |
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