Vlad Anderson

🔥 XRP’s recent surge: Bullish momentum or a pause ahead? 🧐

Over the past week, $XRP soared +20%, hitting $3.25 — but now the hype might be cooling off a bit. Why? On-chain data is flashing warning signs. 🚨

Whale Alert spotted two massive transfers totaling 33.4M XRP (~$108M) all moved to Coinbase. When whales send coins to exchanges, it usually means profit-taking, hinting at a possible sell-off. 📉

CryptoQuant also shows rising exchange reserves — more XRP flooding centralized platforms, which often means holders are cashing out.

On the charts, XRP broke a descending trendline and cleared a bullish flag pattern. Plus, an inverted head-and-shoulders may be forming — classic signals of a potential 15% rally towards $3.80. 📈

Bollinger Bands confirm strong bullish momentum but warn of a short-term pullback since the price is near the upper band. RSI at 59 suggests bulls still have some juice left, but caution is warranted.

Key liquidation zones at $3.13 (support) and $3.33 (resistance) show $170M in longs vs. $25M shorts — bulls currently hold the edge.

Bottom line: Momentum is strong but watch those whale moves and volume dips — a cool-off or correction might be brewing before the next big leg. Stay sharp! 🦾

📊 WhiteBIT Chart: XRP/USDT (1D)