XRP at a technical crossroads 👀
$XRP just broke above the Ichimoku Cloud — a classic trend reversal signal. Momentum is building, and buyers are stepping in after consolidation.
Now all eyes are on $1.67 — the key technical & psychological resistance. A clean breakout could unlock the next leg higher. A rejection? Expect short-term consolidation or a pullback.
📊 Context matters:
– XRP trading near $1.48 (~12% below resistance)
– Ichimoku flipping bullish
– South Korea leading volume — Upbit surpassing Binance & Coinbase in XRP spot trading
There’s also growing narrative fuel: Charles Hoskinson exploring potential XRP integration within Cardano’s DeFi ecosystem.
But here’s the reality: consolidation often precedes volatility. This could be a breakout setup — or a classic bull trap.
Watch volume + confirmation, not just the candle.
Next sessions will likely define the near-term trend.
