Ripple’s ‘Buy Signal’ – Is It Really Time to Jump In? Find Out Now!

by
  • Whale clusters and wedge retest showing XRP might be ready to roll upwards!
  • Weak on-chain metrics and flat funding rate suggest things are… kind of uncertain.

Well, well, well, Ripple (XRP) has got traders all excited with its flashy TD Sequential buy signals popping up like confetti on an hourly chart! A chorus of happy bulls are singing their praises, with both the crowd and the ‘smart money’ giving it a thumbs-up. 🐂💰

And guess what? XRP is still comfortably trading above a key technical zone after having that cheeky wedge breakout retest. At the moment, it’s dancing at $2.37, with a modest little 0.37% daily gain. Don’t spend that all at once, XRP, we’re talking *modest* here.

So, what’s the vibe here? There’s some excitement brewing for a potential rebound, but don’t get your hopes up too high just yet—things are still a bit tricky in the short term. Caution, my friends, caution! ⚖️

Whales and Leverage Clusters: Party at $2.38 – Don’t Miss It!

The liquidation heatmap is showing some serious whale-sized clusters of short liquidations just above the current price. Translation: if XRP keeps climbing, some poor shorts might get squeezed out. 🐋💥

The $2.40 to $2.45 range is holding big Open Interest (OI) across Binance, OKX, and Bybit. So, if XRP breaks through that barrier, buckle up, it might just go *zooming* 🚀.

On the flip side, below $2.30, long liquidations are looking pretty chill. So at least there’s some cushion against any immediate price drops. For now, no one’s screaming in panic just yet.

Even though the sentiment is glowing, the OI-Weighted Funding Rate is just… there. Sitting at a flat 0.0017%. That means neither the bulls nor the bears are particularly ruling the roost right now. We’re in *neutral* territory, folks. 📊

It’s like that feeling when you’re waiting for your friend to decide what to order, but they just stare at the menu like it’s a piece of art. The market’s kind of doing that right now—waiting for something big to happen.

Mixed Signals from Exchange Flows: The Market Can’t Decide What It’s Having for Dinner

On May 18th, XRP saw $42.74 million in inflows and $37.76 million in outflows across the big exchanges. So, there’s more money coming in than going out, but it’s *barely* enough to shout ‘strong accumulation’ from the rooftops. It’s like one of those Instagram influencers with 100k followers, but only a handful of likes. 😬

This flow of funds is about as decisive as a squirrel trying to choose between two trees. Some traders are prepping for a bounce, while others are just cashing out for that sweet profit. It’s all a little bit *meh* right now.

Declining Network Activity: XRP’s Got the Stomach for Stability, But Is It Enough?

Now for the not-so-glamorous part: On-chain metrics are showing a drop in activity. The Daily Active Addresses have fallen to 8,706, and the Transaction Count has dipped to 123.16K. It’s like the XRP party had a good run, but now people are slowly trickling out. 👀

March and April were the golden days, but now? Not so much. The decreasing user engagement might mean that the retail crowd is losing interest. Or maybe they just found something shinier to play with. Whatever it is, if this trend doesn’t reverse soon, it could put a damper on any lasting growth.

Breakout Retest: Can XRP Keep the Party Going or Will It Fizzle Out?

Technically speaking, XRP has been a good little crypto, successfully retesting the upper boundary of a descending wedge. It’s holding steady above the 0.382 Fibonacci level ($2.365). Yay, structure! 🏗️

This wedge breakout is still in play, but here’s the kicker: for XRP to keep climbing, it needs to break resistance at $2.54, which lines up with the 0.618 Fibonacci level. If it doesn’t, we might be stuck in a tight little range. 🙄

The next few sessions are key, folks. If XRP stays above $2.30 and smashes through $2.54, we could see some fireworks. But if it doesn’t, well, don’t be surprised if we’re back to testing $2.25 or lower. 🛑

So, to wrap this up: XRP’s showing some hopeful signs with a nice buy signal and a technical breakout. But there are some warning signs too, like waning network activity and flat funding rates. So, is it time to jump in and ride the wave? Only time will tell, but don’t be caught without your surfboard when the tide comes in! 🏄‍♂️

Hold tight, folks. If XRP can hold above $2.30 and break the $2.54 resistance, it might just *zoom*. But if not, we might see a little more sideways action before the real fun begins.

Read More

2025-05-18 19:10