Paul Bennett

$XRP : The $2.00 Defense and the $4 Billion Gamble 🚀

XRP is proving once again that it’s the most resilient drama queen in crypto. After a wild start to the year that saw a 31% sprint to $2.41, the market took a breather, but the bulls aren't backing down.

🔺 We just saw a textbook "impulsive leg" off the $2.00 demand zone. Sellers tried to push it under, but the buyers stepped in with a clear message: "Not today." As long as we stay above $2.00, the structure looks like a classic bullish reversal.

🔺 Here’s where it gets spicy. Open Interest in the futures market is sitting at a massive $4.03 billion. Traders are betting heavily on a rebound. While the "smart money" is eyeing the next resistance at $2.41, the high leverage means any slip could turn into a liquidation cascade.

So, $XRP is currently outperforming the "post-halving hangover" seen in other major coins. The technicals suggest a breakout toward $2.75 is on the table if we can flip $2.15 into support.

But a word of caution: with $4B in open bets, the whales are definitely hunting. If the $2.00 floor cracks, we could "visit" $1.77 faster than you can check your portfolio.

#XRP #XRPEFT

WhiteBIT Chart (5d): $XRP