XRP: The Calm Before the Storm?

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  • XRP is just chillin’ at $2.00, forming a symmetrical triangle because who needs excitement, right? 🤷‍♀️
  • Is XRP’s range-bound action just a strategic pause before it blows up? 🤔

Ripple [XRP] is still stuck in limbo, and on-chain sentiment is like, “Meh, I’m good.” 😐

Structurally, the chart is all, “I’m not sure what’s going on,” making a breakdown below $2 a real possibility. 📉

But, let’s not forget, XRP is still 300% above its pre-November 2024 base, and that $2 support is like a stubborn ex who just won’t leave. 💁‍♀️

So, is this consolidation just a healthy retracement, or is it a setup for something bigger? 🤔

Early holders cash out, but XRP is all, “I’m good.”

XRP had a wild Q2, but under the surface, it’s all about the holders who are just chillin’ with their 300%+ unrealized gains. 😎

Even when XRP dipped to $1.61, over 80% of its circulating supply was like, “I’m still in profit, thanks.” 🤑

Glassnode data shows profit-taking peaked in early June, but the market structure is all, “I’m not breaking down.” 💪

XRP has tested the $2.00 level four times since May, and each time, buyers are like, “Hey, I’ve got this.” 🙋‍♀️

And with the Bollinger Bands tightening up, it’s like, “Something big is coming.” 🚀

So, is this an accumulation phase, or is it just a bunch of hype? 🤔

And that brings us to the final point, which makes XRP’s consolidation look less like a bunch of FOMO and more like strategic positioning. 📊

Leverage positioning is all, “I’m in control.”

XRP is showing signs of strength, and that $2.00 level is like solid support. 💕

But, interestingly, liquidity isn’t rushing into leveraged positions. Open Interest is all, “I’m good, thanks.” 😐

That’s actually a positive signal. With no signs of reckless long exposure, this consolidation phase looks more like steady accumulation than speculative hype. 📈

Plus, with profit-taking already peaking earlier this month, the market may have just dodged a deeper flush. 🙌

If sentiment flips, the $2 zone may not just be a floor. Instead, it could be the launchpad for XRP’s next breakout. 🚀

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2025-06-20 13:26