Overview

• XRP is trading near $3.00 after dipping to $2.89 earlier in the week, with the $2.80 level holding as critical support.
• Glassnode data shows 93% of XRP supply was in profit at its recent peak, and profit-taking has been intensified by Ripple co-founder Chris Larsen’s transfers of roughly $175 million to wallets and $140 million to exchanges.
• Charts reveal a bullish divergence on the RSI and a falling wedge formation that could drive a reversal if price breaks above the 0.236 Fibonacci level at $3.07.
• A move past $3.07 would clear the path toward the $3.45–$3.55 resistance zone, and AI-driven forecasts predict XRP will trade between $3.05 and $3.22 in the coming week.
• Derivatives liquidations have wiped out significant long positions, laying the groundwork for a potential short squeeze if buyers step back in.