XRP to $2.60? Yeah, Right…

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  • Buyers are getting all excited, but let’s not forget, spot volume is cooling down, and that’s like, a major buzzkill, man.
  • Funding is looking good, and that NVT Ratio is dropping like a hot potato, so maybe, just maybe, we’ve got a shot at this thing.

Ripple [XRP] is like that one friend who’s always like, “I’m gonna make it big, I’m gonna make it big,” but never actually does. But hey, maybe this time is different, right? 🤔

It’s trading at $2.229, and it’s got its sights set on that $2.38 resistance level, where a bunch of tokens were previously transacted. It’s like, a big deal, psychologically and historically and all that jazz.

Meanwhile, Spot Taker CVD (90-day) is like, “Hey, buyers are getting aggressive, and that’s a good thing, right?” 🤑

This growing conviction among buyers might just be the push XRP needs to break through that ceiling and get into a higher trading range. But, you know, no promises or anything.

XRP spot volume is cooling: Because who needs momentum, anyway?

Despite all the excitement, Spot Volume activity is cooling down, according to the Bubble Map indicator. It’s like, the party’s dying down, and nobody wants to be the last one standing. 🎉

Aggressive orders are dominating, but the overall volume is declining, which means not everyone’s fully committed. It’s like, a lack of conviction, man.

If volume keeps contracting while the price tests critical levels, a breakout might just fizzle out. But hey, at least we’ll have a good story to tell, right? 📚

On-chain valuation improves: Because who doesn’t love a good NVT ratio?

XRP’s Network Value to Transactions (NVT) ratio dropped 43.49% in the last 24 hours, and it’s now sitting pretty at 95. It’s like, a more favorable market valuation, and who doesn’t love that? 🤑

A lower NVT ratio is like, a sign of improved utility and efficiency across the network. It’s like, a healthier foundation for price appreciation, and we’re all about that, right? 🏋️‍♀️

As fundamental backing improves, it’s like, a stronger argument for a sustainable breakout. But, you know, no guarantees or anything.

Short liquidations stack above $2.30: Because who doesn’t love a good squeeze?

The liquidation heatmap is like, a dense cluster of short positions stacked between $2.30 and $2.38. It’s like, a potential chain reaction of forced liquidations, and we’re all about that drama, right? 🍿

The press time price of $2.229 is like, just below this high-risk zone. So, any upward momentum that pushes XRP beyond this band could trigger cascading short liquidations, and that’s like, a recipe for disaster (or a really good time, depending on how you look at it). 🤯

And, of course, there are those 15x and 20x leverage positions, because who doesn’t love a good game of risk? 🎲

Will the symmetrical triangle resolve upward? Because who doesn’t love a good mystery?

XRP is like, stuck in this symmetrical triangle, compressing between lower highs and higher lows. It’s like, a big puzzle, and we’re all trying to figure it out, right? 🤔

The narrowing structure is like, a sign of impending volatility, and with the price hovering just below resistance, it’s like, a decisive break is near. But, you know, no promises or anything.

If bulls can force a close above $2.38, the triangle would resolve upward, and we’d be looking at a projected target near $2.60. But, if not, well, there’s always the $2.11 support zone to fall back on, right? 🤷‍♀️

Can buyers sustain pressure and force the breakout? Because who doesn’t love a good underdog story?

XRP is like, at a decisive threshold, with strong buyer aggression, bullish derivatives positioning, and supportive fundamentals all aligning for a potential surge. It’s like, the stars are aligning, and we’re all rooting for the underdog, right? 🌟

But, cooling Spot Volume is like, the elephant in the room, and if buyers can’t maintain momentum, well, it’s like, game over, man. 🎮

So, can buyers sustain pressure and force the breakout? Well, that’s like, the million-dollar question, isn’t it? 🤑

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2025-07-05 20:13