Been chart-watching while bored at work and here’s what I’m seeing:
We’re stuck in that $2.20-$2.63 compression zone that’s been forming since July’s $3.65 spike. The 200-day EMA sitting at $2.63 is the key level – we’ve tapped it twice and got rejected but the volume profile shows accumulation, not distribution. OBV trending up while price sideways = classic Wyckoff spring setup.
On-chain metrics are actually healthy: 19k-29k daily active addresses is solid, not overheated. That $364M in tokenized RWAs growing 4.3% monthly is underrated bullish signal – real assets moving onto XRPL means sticky capital.
My take: If we get a daily close above $2.63 (especially with ETF news), we’re looking at $2.90 first, then probably a quick wick to $3.20 as shorts get squeezed. The real test is holding above $3.00 – that psychological level is gonna be a battleground.
But tbh if you’re in this for the tech/long-term like me, these levels are just noise. The 100+ banks thing and that Citadel-led $500M round at $40B valuation are the real stories. Price will follow adoption eventually.
What’s your strategy – trading the range or just stacking and forgetting?
submitted by /u/shae1201 to r/ripplers
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