Overview
- Analysts highlighted a TD Sequential buy signal on Friday after XRP fell about 4%–5.5% from a ~$1.46 peak, signaling a possible short-term rebound.
- At a recent check, XRP traded near $1.39, and technicians say a firm move back above $1.45 would show sellers have lost control.
- Traders view $1.80 as the next big hurdle, which they say would require strong buying to clear the supply of sell orders stacked above current levels.
- One strategist argues conditions for a short squeeze are building, citing negative funding rates and liquidity sitting above price, with an initial rally path of $1.70 to $1.90 presented as a projection.
- Glassnode data show new daily XRP wallets have dropped from about 18,000 in December 2024 to roughly 2,700 now, a slide that could mute rallies by thinning retail participation.