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Highlights
- XRP price is on the verge of breaking out of a descending channel near $3.00.
- VivoPower treasury expansion reinforces institutional interest in XRP accumulation.
- Around 78% of Binance accounts hold long positions, signaling strong speculative optimism.
The XRP price has gained renewed attention as both technical and institutional factors converge. Recently, the token has maintained steady activity while broader markets anticipate clearer direction. A major highlight has been VivoPower’s treasury expansion, which reinforces corporate interest in XRP accumulation.
XRP Price Forecast: Can Bulls Break Toward $4 Target?
The XRP price action reflects a breakout attempt after weeks of compression within a descending channel. The XRP current trading value stands at $3.03, positioning just above former resistance turned support near $2.95.
Key upside levels now align around $3.12 and $3.32, with stronger resistance closer to $3.59. A clean push through these levels could open the path toward $4.00, marking a decisive bullish scenario.
Conversely, downside protection rests near $2.60, where prior accumulation zones remain intact. However, the consistent rebound from lower channel levels signals renewed buyer conviction.
Moreover, chart projections outline a 35% upside scenario if momentum holds above near-term supports. Therefore, XRP price action suggests optimism remains intact as the structure leans toward recovery, with the token now on the verge of breaking out of its descending channel.
VivoPower Expansion and Long Accounts Fuel Optimism
The VivoPower’s treasury expansion has intensified market focus as the company scales its strategy of converting mined assets directly into XRP. This move underlines corporate conviction in the token’s long-term value and supports its role in treasury diversification.
Besides, the firm’s decision to lock additional value into XRP adds institutional weight behind the market’s sentiment. Meanwhile, CoinGlass analytics highlights that 78% of accounts currently hold long positions in XRP perpetuals, underscoring speculative optimism.
The strong tilt toward longs contrasts with just 22% holding short exposure. The long-account dominance often correlates with sustained price recoveries if supported by volume. The convergence of corporate buying strategies and speculative positioning reinforces the bullish backdrop.
Ultimately, the XRP price remains supported by institutional accumulation and favorable derivatives positioning. VivoPower’s treasury expansion adds another layer of strength to the market outlook. While resistance zones remain, consistent long-account dominance creates an encouraging setup. Therefore, XRP appears firmly positioned for an extended bullish run.
Frequently Asked Questions (FAQs)
1. What support levels are important for XRP?
2. Why is VivoPower’s treasury expansion significant for XRP?
3. What does long-account dominance mean for XRP?
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