Particle.news
Download on the App Store
6 ARTICLES
·
5d ago

XRP Tops $3.20 Resistance as Wave 3 Breakout Nears

Clearing the $3.21–$3.24 resistance could trigger a surge underpinned by Ripple’s OCC banking license bid.

XRP Open Interest hits $3.9B, then drops fast: What happens if $3.2 breaks?
Xrp prints higher lows, tests $3.23 resistance with heavy volume
Image
Image

Overview

  • XRP rose above $3.20 after clearing the 100-hour simple moving average and key bearish trendline at $3.24.
  • Immediate resistance lies at $3.30 and $3.3850, with a breach above $3.3850 setting a path toward the cycle high near $3.65.
  • Elliott Wave analysis indicates completion of subwave 2 at the 0.854 Fibonacci retracement, pointing to a wave 3 target near $3.82.
  • Open interest in XRP futures reached nearly $3.9 billion before dipping to $3.08 billion; long/short ratios near 0.96 signal growing bearish bets that could fuel a short squeeze.
  • Ripple applied for a national banking license with the U.S. OCC and acquired prime brokerage firm Hidden Road to deepen institutional integration and bolster XRP demand.