XRP’s 1000% Surge: Will It Break the $2.28 Barrier? 🚀

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XRP has done a little dance, jumping 26% since November 21, but it’s been as quiet as a librarian with a secret. 🧙‍♂️ Now the price is stuck in a loop, like a cat chasing its tail. But wait! The structure looks more interesting than a sentient toaster. Buying pressure on exchanges has surged like a rogue squirrel with a caffeine overdose. 🐿️💥 The latest bearish hit? A yawn. 🥱

XRP is sitting just below the major barrier that has capped every attempt since mid-November. If this level breaks, it’ll be like a dragon finally finding its wings. 🐉

Support Intact as the Falling Wedge Holds

XRP price continues to trade inside a falling wedge, a bullish pattern that’s as exciting as a teapot with a broken spout. 🧼 The lower band at $2.14 has absorbed every sell attempt since November 25. Even when the bearish EMA crossover happened, XRP didn’t break down. The EMA is like a grumpy old man who’s always complaining. 🧓 But XRP? It’s the kid who ignores him. 🎒

At the same time, the XRP price has begun making higher volume pushes. The OBV line broke above the descending trendline that capped volume since November 10. OBV measures whether volume enters or exits a token. A breakout means more volume is entering the market. This shift often appears just before key resistance breaks. Like a magician pulling a rabbit out of a hat. 🎩🐇

However, a breakout confirmation is needed. OBV needs to make a higher high by crossing above its immediate resistance level of 6.64 billion. Or, as I like to call it, the “I’m-not-lying-I-swear” zone. 🤞

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To unlock the bullish move, the XRP price still needs a clean close above $2.28. That level has blocked every upside attempt since November 17. It’s like a bouncer at a club who’s never wrong. 🚫

Exchange Outflows Signal Heavy Accumulation

On-chain flow data now supports the bullish case. Exchange net position change – which shows whether tokens are entering or leaving exchanges – flipped deeply negative on November 19. Negative (red) readings mean tokens are leaving exchanges, which signals buying pressure. It’s like a game of musical chairs, but everyone’s winning. 🎶

On November 19, XRP outflows were about -59.32 million tokens. By November 27, the number hit -650.45 million. That’s a surge of almost 1000% in eight days. When outflows rise this fast inside a tight range, it usually means large buyers are accumulating. Like a squirrel hoarding acorns for winter. 🐿️

This explains why the $2.14 floor never cracked even after the bearish EMA crossover. It’s like a superhero with a weakness-everyone tries to exploit it, but it’s just too stubborn. 🦸‍♂️

Key Levels Decide Whether XRP Price Finally Breaks Out

The range remains narrow. The first and most important level is $2.28. It has been a strong resistance since November 17. If XRP closes above this line with rising volume, the next major target becomes $2.55, which is above the upper trendline of the wedge. A breakout above $2.55 would flip the broader structure bullish and could even confirm trend reversal. Like a phoenix rising from the ashes. 🦅🔥

If the XRP price fails and breaks under $2.14, the next support sits near $2.02. Losing that level delays any breakout. However, that would require a surge in selling pressure and mean that the OBV breakout failed to gain momentum. It’s like a rollercoaster that’s stuck at the top. 🎢

For now, the setup leans bullish. Buying pressure is up almost 1000%. Volume has started to shift upward. Price continues to defend support. If XRP gains just 2% more and clears $2.28, it can finally break a ceiling that has held for over ten days – and start a new leg higher. Like a rocket ship with a tiny engine. 🚀

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2025-11-28 15:22