Can XRP Price Break $2.35 Resistance as CME Futures Daily Volume Hits ATH?

🚀 XRP: The Crypto That Just Won’t Quit! 💸

So, guess what? XRP futures on the CME exchange have decided to throw a party, and they’re bringing all the volume! 🎉 Launched on May 19, these volumes have skyrocketed to an all-time high. Coincidence? I think not! It’s like the universe is saying, “Hey, XRP, you might just be onto something!”

Currently, XRP is strutting its stuff at $2.30, but hold your horses—there’s a tiny intraday loss of 2%. Ouch! 😬 But fear not, dear crypto enthusiasts! The real question is: can our beloved XRP bulls muster the strength to break through that pesky $2.35 resistance? 🐂💪

Now, let’s talk numbers. At this very moment, XRP is the third most-traded crypto, raking in a whopping $2 billion in trading volumes, according to CoinMarketCap. That’s right, folks! It’s like the crypto version of a blockbuster movie! 🍿

And guess what? The four-hour chart is looking like a scene from a rom-com where the hero finally gets the girl. XRP is approaching a crucial zone where buy-side and sell-side volumes were previously high. It’s like a dramatic buildup, and we’re all on the edge of our seats! 🎭

But here’s the kicker: at the $2.35 price point, which is also the Point of Control (PoC), XRP is going to face some serious resistance. Think of it as the bouncer at the club saying, “Not tonight, buddy!” 😒 However, if XRP can pull off a miraculous surge above this level, it’ll flip the market structure to bullish, paving the way for more gains. Talk about a plot twist!

So, will XRP break through? Stay tuned, folks! This crypto saga is far from over! 📈

The AO… Read More at Coingape.com

Read More

2025-05-28 15:24