👀 Possible scenario:
On May 12, XRP surged past $2.50, reaching a high of $2.6560 before pulling back. Despite dipping below $2.50 on May 13, bulls remain active above $2.40, with the price holding near $2.42. Whale Alert reported a massive 29.5M XRP transfer to Coinbase, worth over
73M, suggesting potential sell pressure as the broader crypto rally cools.
XRP briefly overtook USDT on May 12 to become the third-largest crypto by market cap, holding the spot for over an hour before USDT reclaimed it. This surge, fueled by a 100%+ spike in trading volume, followed the SEC’s settlement with Ripple and reflects renewed interest in XRP.
✅Support and Resistance Levels
Support level is now located at 2.3500
Now, the resistance level is located at 2.6000.
On May 12, XRP surged past $2.50, reaching a high of $2.6560 before pulling back. Despite dipping below $2.50 on May 13, bulls remain active above $2.40, with the price holding near $2.42. Whale Alert reported a massive 29.5M XRP transfer to Coinbase, worth over
73M, suggesting potential sell pressure as the broader crypto rally cools.XRP briefly overtook USDT on May 12 to become the third-largest crypto by market cap, holding the spot for over an hour before USDT reclaimed it. This surge, fueled by a 100%+ spike in trading volume, followed the SEC’s settlement with Ripple and reflects renewed interest in XRP.
✅Support and Resistance Levels
Support level is now located at 2.3500
Now, the resistance level is located at 2.6000.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.