Is XRP About to Break $2? You Won’t Believe What Happens Next! 😲💰

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So, the market’s doing a little jig after Trump decided to hit the brakes on those tariff hikes. And guess what? Inflation’s taking a breather too! Altcoins are holding on like they’re on a rollercoaster, and XRP? Oh boy, it’s ready to leap over that $2 hurdle like it’s a high jump competition. Indicators are flashing green, and buyers are feeling like they’re in control. But let’s be real, when are they not? 🙄

XRP’s Open Interest Rises Amid Surging Demand

Buyers of XRP are practically giddy, thinking a price rally is just around the corner as the economy cools down. According to some fancy data from Coinglass, XRP saw a whopping $5.21 million in liquidations in the last 24 hours. That’s right, $1.59 million from long positions biting the dust, and $3.6 million from sellers saying, “I’m outta here!”

And hold onto your hats, folks! Ripple just moved 200 million XRP—worth about $402.78 million—to some mysterious wallet. Who knows what’s going on there? It’s like a magic trick, but without the applause. Whale Alert tracked it, and it came from Ripple’s wallet “rBg2F…1o91m” and went to “rP4X2…sKxv3”. Sounds like a secret agent operation, doesn’t it? 🕵️‍♂️

Some conspiracy theorists think Ripple’s gearing up for something monumental—maybe a regulatory showdown or some big private trades. Others? They think it’s just a wallet shuffle. Ripple’s keeping mum about it, of course. Classic! 🤐

This little transfer happened right after Ripple and the U.S. SEC decided to hit pause on their legal drama. Could it be a sign they’re trying to smooth things over? Who knows! Maybe they just want to grab a coffee and chat it out. ☕️

On the flip side, the XRP ETF launch has sent trading volume and open interest skyrocketing. Open interest (OI) is up nearly 5%, now sitting pretty at over $3.1 billion. Investors are feeling all warm and fuzzy, and active wallets are popping up like daisies in spring. 🌼

What’s Next for XRP Price?

XRP has climbed back above the $2 mark, but it’s now facing a wall at the 100-day EMA, which is chilling around $2.1. But hey, buyers might just bulldoze through that level if the buying pressure keeps up. As of now, XRP is trading at $2.04, up over 4% in the last 24 hours. Not too shabby! 💪

If the price takes a nosedive from the EMA100 level, sellers might try to drag the XRP/USDT pair down to the crucial support at $1.73. But buyers are likely to put up a fight there because if that breaks, we could be looking at a drop to around $1.3. Yikes! 😱

On the other hand, if XRP manages to break above the 100-day EMA and stays above that pesky descending resistance line, it could mean buyers are gearing up for a victory lap. In that case, we might see the price shoot up toward the resistance line at $2.6, where sellers will probably be waiting with their pitchforks. 🏹

Right now, the long/short ratio for XRP is at 1.2, which means more traders are betting on a price increase. About 52% of positions are long, so overall sentiment is leaning bullish. But let’s not get too carried away; it’s crypto, after all! 😅

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2025-04-11 23:22