Smart Money Institute Labs 🧫 🧪 🥼 Analysis:
Ripple has locked 800 million XRP in escrow, sparking renewed interest in a potential bull rally.
Historically, such large locks stabilize the market and can reduce circulating supply, creating confidence among traders. Currently, XRP is struggling with resistance near $0.65, and a break above this could trigger a 12% rally, pushing prices toward $0.74.
However, on-chain metrics show a bearish sentiment, with 52% of traders shorting the asset. For XRP to rally, breaking key resistance levels is crucial.
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