#ETH巨鲸扩大持仓 XRP has been on a strong rebound recently, rising 25% directly from a low of $2.
According to Cointelegraph, the main driver of this round of increase is institutional funds—Grayscale and Franklin Templeton's products brought in $164 million in ETF inflows in just one day. With real money entering the market, it's no wonder the trend is so strong.
From a technical perspective, the bulls are targeting the range of $3.30 to $3.50. However, don't celebrate too early; the range from $2.23 to $2.50 is a clear resistance zone, and we need to observe whether the price can successfully break through. If it gets stuck, a pullback to $1.82 is also possible.
Analyst Milkybull Crypto mentioned a detail: the On-Balance Volume (OBV) indicator has rebounded from a key support level, indicating that it is not a false surge and there is real demand stepping in. Another analyst, GalaxyBTC, believes that the current trend resembles the structure before the big breakthrough in 2017, suggesting that history may repeat itself.
However, speaking of which, market sentiment has improved, but for XRP to truly confirm the trend, it still has to overcome several hurdles. On Tuesday, the price was stuck around $2.23 (which is exactly the 0.236 Fibonacci retracement level). If it continues to be unable to break through, the bullish logic will be called into question.
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TommyTeacher
· 11-28 05:57
Institutions are really pouring in money; 164 million is not a small amount, no wonder XRP is so fierce.
I expect it to break 2.5, but it really depends on whether it can hold on Tuesday.
Is the 2017 playbook coming back again? I've always been a bit skeptical about historical cycles.
If it gets stuck, it might really drop back to around 1.8, should I get in then?
Institutions entering the market is definitely more reliable than retail investors getting hyped up; this time feels different.
Can it really reach 3 dollars, or is it just an illusion?
The OBV rebound indicates that someone is really buying in, it's not just a pump-and-dump scheme, which is a good sign.
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BearMarketSurvivor
· 11-26 20:22
The institutions have really arrived, this wave is different... But can the level of 2.23 be broken? It still feels a bit uncertain.
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ZeroRushCaptain
· 11-26 09:27
Back to this trap again? $164 million inflow and they start saying 2017 will repeat, why am I not so optimistic... Last time it came in like this, and what was the result?
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PoolJumper
· 11-25 18:25
The entry of institutions is different; 164 million was directly poured in. But I still want to wait until after 2.23 to buy in, too many people have been played people for suckers.
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Ser_Liquidated
· 11-25 15:00
The institutions have really come in, 164 million just came in like that, this time XRP is not about retail investors buying the dip.
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If it gets stuck at 2.23, that's it, don't think about 3.3, I bet five bucks it will go back below 2.
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It's the same structure theory from 2017, my ears are getting calloused from hearing it, is this time for real?
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What does Grayscale's entry mean? What happened last time they entered, don’t we know in our hearts?
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I like the logic of OBV rebound, but it feels a bit like being bullish just for the sake of being bullish, let's be cautious everyone.
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A 25% rebound can indeed be intimidating, but technically that resistance is really strong, don't get trapped.
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HashBard
· 11-25 14:59
ngl the 2.23 resistance is giving me "narrative arc collapse" vibes... like we've seen this movie before, sentiment shifts faster than discord can pump it
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RiddleMaster
· 11-25 14:57
The institutions have really come, this time it’s not just a scheme to play people for suckers, right? 164 million makes me feel tempted
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The 2.23 position feels like it will be tested repeatedly, don’t chase the price everyone
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Is history from 2017 going to repeat itself? Can we not fall like dogs this time?
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The OBV rebound is a good signal, but I still want to see if it can hold above 3
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Every day we hear about institutions entering the market, yet we still end up back at the starting point in just two months, who believes this is a sucker?
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With so many resistance levels, it feels a bit precarious to break through, I’ve already set my stop loss at 1.82
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With Grayscale and Franklin entering this round, in the end, it will still be the retail investors catching the falling knife, haha
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Real demand to catch? I think it’s mostly just market makers accumulating
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3.3 to 3.5? Let’s get past 2.5 first, that’s too optimistic
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wrekt_but_learning
· 11-25 14:55
Institutions are really pouring in money, but I'm still hesitant. We need to see if we can really break through the 2.23 resistance level.
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ChainSpy
· 11-25 14:50
Institutions entering the market is really different. 164 million has been directly invested, this is the true signal of optimism.
Can we get past this hurdle of 2.23? It feels like it determines how much we can rise afterwards.
It's already 2025, yet we're still talking about stories from 2017. Will history really repeat itself?
To be honest, this rebound of XRP looks good from a technical perspective, but I'm still a bit hesitant. I'll wait for a breakthrough before I join in.
Are institutions really buying at the bottom, or are they just fooling retail investors to catch a falling knife?
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PortfolioAlert
· 11-25 14:45
Institutions are really buying seriously, not just retail investors getting excited, that's the key. If you can't break through the barrier of 2.23, then don't brag.
#ETH巨鲸扩大持仓 XRP has been on a strong rebound recently, rising 25% directly from a low of $2.
According to Cointelegraph, the main driver of this round of increase is institutional funds—Grayscale and Franklin Templeton's products brought in $164 million in ETF inflows in just one day. With real money entering the market, it's no wonder the trend is so strong.
From a technical perspective, the bulls are targeting the range of $3.30 to $3.50. However, don't celebrate too early; the range from $2.23 to $2.50 is a clear resistance zone, and we need to observe whether the price can successfully break through. If it gets stuck, a pullback to $1.82 is also possible.
Analyst Milkybull Crypto mentioned a detail: the On-Balance Volume (OBV) indicator has rebounded from a key support level, indicating that it is not a false surge and there is real demand stepping in. Another analyst, GalaxyBTC, believes that the current trend resembles the structure before the big breakthrough in 2017, suggesting that history may repeat itself.
However, speaking of which, market sentiment has improved, but for XRP to truly confirm the trend, it still has to overcome several hurdles. On Tuesday, the price was stuck around $2.23 (which is exactly the 0.236 Fibonacci retracement level). If it continues to be unable to break through, the bullish logic will be called into question.