๐ Ripple ( $XRP ): ETF Euphoria and Technical Breakthrough โ The Dawn of a New Era?
Market Capitalization: $142.6 billion.
XRP exploded in late December, showing over 25% growth in a week and a 10.54% jump in 24 hours.
๐ก While Bitcoin and Ethereum crawled with 1-2% gains, XRP rocketed forward like a missile, leaving many competitors in the dust.
What Happenedโ
๐ฃThe main catalyst was massive inflows into XRP-based ETFs and a breakthrough of the critical technical level of $2.28โ$2.32, which had held the price back six times since December.
๐ฃThis breakthrough opened the floodgates for a new wave of buying, and market capitalization soared from $120 billion to $142.6 billion.
๐ฃTrading volume reached $6.74 billion โ this isn't speculative fuss from small players, but real participation from big money.
๐ฃOpen interest in futures jumped 23%, exceeding $4.7 billion, which shows: institutions are entering seriously.
Technical Pictureโ
๐ฃXRP established itself above the 200-day EMA ($2.35) โ a key trend confirmation level. RSI around 74.7 indicates strong demand without overheating, while volatility of 4.7% shows controlled expansion.
๐ฃInterestingly, the Fear and Greed Index remains at 26 โ that's fear, not euphoria. The gap between price growth and sentiment often means the trend can continue while most haven't yet jumped on the train.
Trading Guidelines:๐๐
๐ Consolidation above $2.50 โ movement towards $2.80-$3.00.
๐ Return below $2.28 โ correction to $2.03.
Conclusion:
XRP is undergoing structural revaluation. Institutions are accumulating, technicals are confirming, volumes
are growing. Watch the $2.28 level โ it's the key to further movement.
๐ Open trade with $XRP
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