Mark Twain’s Take on Ripple’s Wild Ride: Up, Down, and Everywhere in Between!

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Well, now, if you can believe it, XRP has gone and gained more than 5% in the last 24 hours, and is currently trading around $2.42. This little scamp has waltzed right back into a critical resistance zone between $2.31 and $2.36, a place where it’s been doing a bit of tap dancing for weeks. The experts, bless their hearts, are now holding their breath to see if XRP can finally close above this level. 🤞

If XRP can manage a daily candle close above $2.36, it might just spark a fresh rally towards the next resistance levels at $2.44–$2.45. And beyond that, the next key target would be around $2.61–$2.62, which is where it hit a local high in mid-May. A confirmed breakout above $2.36, especially if the price holds this level as new support, would be a strong bullish signal. But let’s not get ahead of ourselves, shall we? 🚀

However, on the shorter time frame, XRP seems to be forming a rising wedge pattern, which is usually a bearish sign. This pattern will only be confirmed if the price drops below $2.27. If that happens, XRP could pull back to short-term support zones at $2.21 and $2.17. So, it’s a bit of a coin toss, really. 🎲

In short, if XRP breaks above $2.36, the bulls could take control and push towards $2.60. But if the price slips below $2.27, a temporary pullback might follow. It’s a wild ride, folks, and you’d best hold on tight! 🎢

An expert said that while XRP’s price is rising, traders should be careful because global trading volumes are still low. They warned this move could be part of a pump and dump setup. Real, strong price moves usually happen when trading volumes cross $10 billion, like when XRP previously jumped from $0.58 to over $2. So, let’s not get too excited just yet. 🙄

Santiment reported that XRP’s price has hit a 7-week high, rising above $2.39 for the first time since May 23rd. Right now, there are 2,742 wallets with over 1 million XRP — just one less than yesterday’s record of 2,743 wallets. These big holders now control 47.32 billion XRP, showing they still have strong confidence in XRP’s future. But who knows, maybe they’re just in it for the thrill of the ride. 🎉

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2025-07-10 07:06