XRP Dash Pass 2018 Peak Because Retail Demand Don Drive Am Plus Bullish Technicals
XRP don climb pass im 2018 high, reach $3.70, as daily transaction volume for ledger rise by 50% and e open interest for derivatives dey increase. Technical indicators like golden cross, bullish MACD crossover, and cup-and-handle formation dey show say e fit rise more, wit support at $3.44, $3.35 and 200-day SMA near $3.28. Meanwhile, the high Bitcoin (~$120,000) and Ethereum (~$3,500) prices dey discourage new small investors, so dem dey flow go XRP wey get cheaper price of $3.60. About 6.7 million wallets hold XRP, 85% get under 1,000 tokens. Traders still dey watch the ongoing Ripple lawsuit for US; if ruling favor XRP, e go strengthen am, but if e no favor, e fit cause people to sell. As XRP dominance dey near 5.75% and White House crypto policy report dey come on July 22, plenty things dey happen. Short-term consolidation fit happen if resistance around 0.038 BTC hold, but rally to $7–$10 fit happen showing say market dey bullish.
Bullish
Di news dem combine show say XRP get strong bullish momentum, e dey supported by technical breakouts like golden cross, bullish MACD crossover plus cup-and-handle pattern, plus demand for retail increase because e price lower pass Bitcoin and Ethereum. Transaction volumes dey rise and open interest for derivatives dey back better upside, while regulatory catalysts like US Ripple lawsuit and upcoming White House crypto policy report fit motivate people sentiment. Even though short-term fit get consolidation around 0.038 BTC resistance, overall market structure, growing wallet count, and increasing dominance dey show say XRP go still dey under upward pressure both short and long term.