You Won’t Believe What XRP Is Doing—Is This The Reversal We’ve Been Waiting For? 🤔🔥

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Oh, sweet XRP. Sitting pretty near that oh-so-critical support level like a wallflower at the crypto prom, whispering “maybe, just maybe.” Fresh institutional tailwinds are buffing its sails, hinting that the tide might turn. Or not. Who knows? It’s crypto, it’s chaos.

Currently, XRP is lounging at $2.17 — down 1.2% today, and a cheeky 6% over the week. Basically, it’s been floating between $2.11 and $2.35, doing its best impression of someone uncertain about life. Volume? Oh yeah, it’s doing the slow dance—$1.51 billion traded in 24 hours, down a staggering 37% from yesterday. The market’s so sleepy it might as well be napping.

Derivatives markets? Also snoozing. XRP futures volume tumbled 37.85% to $2.97 billion, and open interest dipped a modest 3.39% to $3.90 billion. Looks like everyone’s holding their breath, hoping for a sign.

But wait, there’s more! While the short-term momentum is chilling out, institutions are sneaking in like spies in the night. Coinbase Institutional just announced they’re launching 24/7 trading for XRP and SOL in the US starting June 13. Because nothing says “markets never sleep” like crypto.

Starting June 13, we’re enabling 24×7 trading for $XRP and Solana ( $SOL ) futures, unlocking real-time access to U.S. traders, reflecting the always-on nature of crypto markets.

— Coinbase Institutional 🛡️ (@CoinbaseInsto) May 29, 2025

This follows their April rollout of CFTC-regulated XRP futures, which they pitched as “capital-efficient” and perfect for those who want exposure without losing their minds. They’re basically trying to catch the wave of 24/7 trading, because why not? Market’s always awake, so why shouldn’t traders be?

Meanwhile, Ault Capital Group—yes, that other shady-sounding entity—announced a Q3 XRP lending platform for public companies on NYSE and Nasdaq. Asset-backed, futures-hedged, all on-chain, and with up to $10 million to support this adventure. It’s like XRP is everywhere—getting institutional love, even if the charts are throwing shade.

But hold onto your hats—technicals are whispering “not so fast.” XRP’s just above the $2.12 support, gently flirting with the lower Bollinger Band. Resistance? At $2.34, the midpoint, and an upper barrier at $2.56. The RSI is creeping close to oversold—like someone who wants to sell but is afraid to jump first. Moving averages? Oh, they’re showing a sell signal across most timeframes, making it clear that XRP’s in a bit of a correction phase, trembling in its boots but still above the long-term trend line.

If things go sideways below $2.12, we’re looking at a potential dip toward the psychological $2.00 mark, with support sitting around $1.91–$1.95—because if you’re going to fall, might as well aim for comfort.

But hey, if the bulls rally back, they’ll need to conquer $2.34 and then the lofty $2.56 upper Bollinger Band. Only then will XRP regain its swagger. Until then, it’s all about waiting, watching, and betting on some wild crypto drama. 🔥🙃

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2025-06-02 07:13