$XRP XRP Market Update â Strong Breakout Above $2.50
đ Price Action:
XRP surged 12.6% in 2 days, hitting a 7-week high of $2.50. Technical indicators confirm strong bullish momentum targeting the $3.00 mark.
đ Key Catalysts:
đ Whale Accumulation: 47.32B XRP nearing all-time highs
đŠ Institutional Demand: Futures open interest up 30% to $4.98B
đ Ecosystem Growth: RLUSD stablecoin exceeds $500M market cap
đŹ Community Sentiment (via Binance Square):
Aggressive buying at $2.40
Breakout confirmed by volume
$4.35 price target projected for July 2025
đŻ Trading Strategy:
Entry Zone: $2.40â$2.43
Short-Term Targets: $2.48â$2.63
Key Resistance: $3.00
Watch Out: RSI is elevated â profit-taking may trigger dips