A 3.58% increase with a $300 million trading volume—this move by $XRP doesn’t feel violent, but the order-book “flavor” has changed. Over the past 24 hours it ranged from 1.4934 to 1.6094, an amplitude of more than 7 points either way. It broke out on higher volume above the previous high but didn’t hold. This is classic capital testing the waters. On-chain, a few of the old whale addresses I’ve been watching have seen small outflows over the past two days—not the kind of size you’d associate with a sell-off, more like turnover. Over in the community, sentiment has heated up first—lots of people are calling for $2. That kind of unanimous expectation actually makes me watch the risk more closely. The funding rate is still positive, so longs aren’t crowded yet, but there’s also nothing cheap to pick up. $XRP is in a rather tricky spot: 1.60 is short-term resistance. Only if it holds above that do we get the next chapter; if it fails, it’s just a fake breakout and retrace to 1.50.

$XRP #行情分析 #On-chain data