INSUBCONTINENT EXCLUSIVE:
Key takeaways:XRP is eyeing a 75% breakout from a symmetrical triangle pattern.Whale flows flipped positive in May, signaling renewed
reach $2.20 on June 28, its gains driven by the news of Ripple dropping its cross-appeal against the US Securities and Exchange Commission
(SEC).XRP/USD daily price chart
symmetrical triangle pattern since topping out near $3.40 in February
The 50-day exponential moving average (50-day EMA; the red wave) near $2.20 is acting as additional resistance.XRP/USD daily price chart
around $3.81, up about 75% from the current price levels, by July.XRP whale accumulation adds fuel to breakout thesisThe technical setup
aligns with growing signs of smart money accumulation
April, according to CryptoQuant.XRP whale flow 30-day MA
Source: CryptoQuantThe shift suggests large holders have been positioning lately for a major move, with historical data backing the trend
zone, with over $525 million in potential liquidations clustered within
These zones often act as price magnets, with dense liquidity influencing market direction.XRP/USDT liquidation heatmap (3-month)
Source: CryptoQuantXRP came close to testing the lower bound of this range in June but faced rejection.Related: Three signs that XRP price
will soon break out after 4-month consolidationA decisive move above $2.34 could flip the script, triggering a short squeeze that forces
liquidations and propels the price toward $2.40, potentially setting the stage for further upside.This article does not contain investment
advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
