XRP Accumulation and Momentum Dey Aim for $3.40 Rally
XRP price dey look like e go still go up as accumulation for exchanges don reach level wey compete wit february peaks, show say long-term holders dey get more belief. On-chain net position data show plenty outflows, wey dey reduce selling pressure. Di token don bounce pass $3 after e find support between $2.7 and $2.8. If bulls fit hold $2.95, XRP fit try break $3.40 resistance for days to weeks.
Big macro factors dey support dis. Fed chair Jerome Powell talk wey boost rate-cut expectation, e make Bitcoin and Ethereum risk-on rally go spill over to XRP. Technical indicators still dey back di bullish side: TD Sequential buy signal, Chaikin Money Flow above +0.05, and crossover of 20- and 50-period moving averages. Traders suppose dey watch exchange flows, CMF readings, and 4-hour moving averages make sure di trend dey confirmed, plus keep eye for $2.95 demand zone.
Bullish
Dis news na dem reason dem call bullish na because on-chain data show say XRP dey accumulate for exchanges reach level wey similar to February, time wey come before big rally. Join am with macro drivers—wey be like say Fed rate-cut expectations don high—plus technical indicators (TD Sequential buy, Chaikin Money Flow > +0.05, moving average crossover), e clear say catalysts dey align to push upward momentum. For short term, traders fit try chase the $3.40 resistance if $2.95 demand zone hold. For long term, sustained accumulation plus less supply for exchange suggest say long-term holders dey position well, fit support further gains. Historically, similar on-chain accumulation phase don always come before multi-week rallies for XRP, confirm dis optimistic outlook.