A coin I’m watching this week: $XRP 👀
The price is near $1.25 and fairly stable, but a few events make it worth keeping an eye on:
🟢 Bullish scenario:
- If it breaks through the $1.30 resistance and holds above it, we could see some momentum
- Whale Alert recorded a withdrawal of 50 million XRP (over $62 million) from Binance to an unknown wallet. Withdrawals from exchanges can sometimes signal an intention to hold, but not always
🔴 Bearish scenario:
- 1 billion XRP is being unlocked this week, which could mean additional supply
- If the whole market weakens along with Bitcoin, it’ll be hard for it to move up on its own
So, it’s a balanced picture, and I don’t see a clear direction yet.
Not financial advice.
Which side are you on? 🟢 or 🔴?
#BinanceSquare #XRP #Altcoins
The price is near $1.25 and fairly stable, but a few events make it worth keeping an eye on:
🟢 Bullish scenario:
- If it breaks through the $1.30 resistance and holds above it, we could see some momentum
- Whale Alert recorded a withdrawal of 50 million XRP (over $62 million) from Binance to an unknown wallet. Withdrawals from exchanges can sometimes signal an intention to hold, but not always
🔴 Bearish scenario:
- 1 billion XRP is being unlocked this week, which could mean additional supply
- If the whole market weakens along with Bitcoin, it’ll be hard for it to move up on its own
So, it’s a balanced picture, and I don’t see a clear direction yet.
Not financial advice.
Which side are you on? 🟢 or 🔴?
#BinanceSquare #XRP #Altcoins
