#REX XRP's recent performance has indeed attracted a lot of attention. Especially the 4-hour level trend, which is almost like a bulldozer steadily moving upwards, with almost no pullback. The price is around 2.60 USDT, with a 24-hour rise of over 2.5%, and the technical aspect looks quite strong.
From the data, MA7 has risen above 2.57, and EMA is also in a bullish arrangement. The price is steadily running in the upper half of the Bollinger Bands, all of which are signals for continued short-term bullishness. However, although the MACD has crossed upwards, the value appears slightly conservative, indicating that some funds are still hesitating.
On the other hand, institutional-level news continues to "support" XRP. Ripple recently acquired Hidden Road for $1.25 billion and renamed it Ripple Prime, further strengthening its institutional business layout. At the same time, the asset management scale of the XRP ETF launched by Rex-Osprey has also surpassed $100 million, indicating that institutional funds are beginning to quietly position themselves.
However, behind the hustle and bustle, there are also background noises. On-chain data shows that some whale addresses are reducing their holdings at high levels, and retail investor sentiment fluctuates from time to time, with FUD occasionally surfacing. This may indicate that although the short-term trend is perfect, sustaining this "bulldozer-style" rise still requires more substantial buying support.
There is a view that XRP's market value is expected to surpass SOL in the future, but currently, this path is still long. Although there are ETF expectations driving it from behind, market sentiment is also relatively positive, but the activity level of the SOL ecosystem and the developer base are still far ahead. For XRP to truly achieve surpassing, relying solely on news and short-term capital inflow is far from enough.
In conclusion, XRP is indeed currently in an ascending channel resonating with both technical and fundamental factors, and the 4-hour level trend can be considered textbook level. However, investors should also be aware of high-risk levels while chasing trends—no matter how perfect the chart is, it can still be subject to sudden profit-taking. $XRP $SOL #抄底币种推荐