🚀 $XRP Update: Trend Reversal Confirmed, But Caution at Macro Resistance 🚀

The recent price action in XRP confirms a trend reversal, but we’re now approaching macro resistance levels extending up to $2.86. Here’s what you need to know:

Whale Activity: Some whales appear to be preparing to sell the news, while others seem focused on long-term holds. This mixed sentiment could impact short-term movements.

Breakout Potential: A sustained break and hold above $2.86 could trigger a blue sky scenario, with double-digit prices becoming a realistic target.

Current Risk: Buying now is risky due to the resistance zone and potential profit-taking.

My Take

I’m personally holding onto my long-term bags and letting them run. While XRP’s long-term potential is undeniable, we must remain cautious and aware of the 4-year market cycles that can heavily influence price action.

Key Levels to Watch

Resistance: $2.86

Support: Monitor lower levels if rejection occurs.

Disclaimer

This is not financial advice. The content includes third-party opinions and may include sponsored elements. Always DYOR (Do Your Own Research)