- The escape of the optimistic pennant of Ripple and the interest of increasing options reflect an increasing XRP dynamic towards the resistance zone of $ 2.60.
- The XRP whales flows remain neutral, while the liquidation data suggests possible short pressure if the undulation moved above $ 2.40.
Ripple (XRP) The feeling moved to a prudently bullish territory, with indicators of crowd and intelligent silver showing a slight optimism at 0.15 and 0.20, respectively.
This synchronized feeling between the actors of retail and institutional sales reflects growing market confidence.
In addition, open options jumped 24.40%, reporting a sharp increase in speculative positioning. At the time of the press, XRP exchanged $ 2.06 – 0.88% in 24 hours.
Consequently, the confluence of strengthening the feeling and commitment of derivatives prepare the way for a potential escape.
XRP Eyes $ $ 2.60 as next border
XRP has managed to rule out with a bullen pennant model after weeks of consolidation in the narrowed trend lines.
The structure was formed after a solid rally and resolved up near the support level of $ 1,7980, indicating the continuation of trends.
Currently, XRP has hovered just below the resistance at $ 2,1665 while forming higher stockings – a sign of bullish continuation.
If this escape is held, the next target upwards is $ 2,6010 – an area where previous rallies were faced with a rejection.
However, not recovering this level could trigger a temporary withdrawal. However, the motif remains structurally intact, promoting short -term bulls.
Source: tradingView
Whales reposition themselves as higher exchange flows
The exchange whale flows recorded a marginal increase of 0.51%, totaling 2.88k XRP.
Although the increase seems subtle, it points to strategic repositioning by major holders rather than the sale focused on panic. Consequently, this flow probably signals prudence and the preparation of a directional movement.
In addition, the lack of aggressive unloading suggests confidence in market stability.
While the data of feeling and options align with this measured activity, it becomes clear that the whales closely monitor price levels before making large -scale movements.
Source: cryptocurrency
The tip of the NVT report increases the short -term warning flags
The NVT report for XRP rose 136.83%, reaching a value of 838.17.
This strong increase indicates that market capitalization has developed much faster than the volume of chain transaction. Therefore, while the price dynamics remain solid, the underlying utility seems to be lagging behind.
However, if the network activity is not made up soon, the evaluation can start to overheat, justifying prudence.
Source: cryptocurrency
A short liquidation zone nearly $ 2.60 could trigger an escape
Meanwhile, binance liquidation data showed a dense band of short liquidations between $ 2.03 and $ 2.10. With XRP at a price of $ 2,067, a movement above this pocket could break in short covers and ascending pressure.
In addition, the cumulative short liquidation lever effect continues to build beyond $ 2.16, which suggests even higher pressure if the bulls recover this level.
However, long liquidations are starting to appear just above $ 2.16, showing that buyers enter the market with a high lever effect.
This overlapping area between short risk and long exposure made from $ 2.10 to $ 2.20 a critical inflection area.
Source: Coringlass
Can Ripple recover $ 2.60 and push higher?
All considered, the technical escape of XRP, the feeling of climbing and the interest of the rise in power suggests an optimistic continuation.
Whale flows support this story with meticulous accumulation, while the liquidation dynamics can offer an explosive trigger.
However, the high NVT ratio reminds merchants that the price must be supported by stronger performance on chain.
If XRP can erase $ 2,1665 and maintain the momentum in front of $ 2.60, it will probably confirm a wider change in trend and consolidate its broken story.
