$XRP
The Quick Signal
Trend: Short-term Bearish / Sideways Consolidation.
Current Price: ~$1.45
Support: $1.40 – $1.45. A break below $1.40 could trigger a drop to $1.26 or even $1.12.
Resistance: $1.50 – $1.55. XRP needs to close above $1.51 to regain bullish momentum.
Key Drivers Today
Market Sentiment: A "risk-off" mood persists across crypto. Bitcoin’s struggle to stay above $68k is creating a drag on XRP’s recovery.
Rejection at $1.66: XRP saw a brief 8% spike recently following rumors of regulatory shifts (Brad Garlinghouse's potential CFTC role), but it failed to sustain those gains, signaling strong selling pressure above $1.50.
Institutional Inflows: Despite the price dip, XRP saw $33M+ in institutional inflows last week, suggesting "smart money" is accumulating during this correction
Strategic Takeaway
For Traders: Wait for a confirmed bounce off $1.40 or a breakout above $1.51 before entering.