I don’t believe it’s the right time for XRP to drop significantly. Instead, I expect the price to rise toward $2.7 before any potential move down to the $2.0 level.
Reasons:
Distribution Requires Time and Momentum: Buyers who entered near the bottom need sufficient time and upward momentum to offload their positions before we see a significant downward movement.
Current Bullish Momentum: The price action suggests there is still room for further upside, with stronger resistance expected at higher levels.
Reasons:
Distribution Requires Time and Momentum: Buyers who entered near the bottom need sufficient time and upward momentum to offload their positions before we see a significant downward movement.
Current Bullish Momentum: The price action suggests there is still room for further upside, with stronger resistance expected at higher levels.
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