XRP’s Sentiment Turns Bullish, But What Is Stopping a Price Breakout?
Cointelegraph
XRP sentiment is at a two-year high due to Rakuten integration, but price faces resistance at $1.40.Summary
XRP's social media sentiment has surged 240% to a two-year high, driven by its integration with Rakuten Wallet. This partnership allows over 44 million Rakuten users to convert loyalty points into XRP, trade it in-app, and spend it at millions of merchant locations. Despite this significant adoption, XRP's price is consolidating and facing resistance around the $1.40-$1.45 zone. This area is reinforced by technical indicators like the 50-day EMA and 100-day SMA, as well as a significant concentration of investors holding XRP at this price point. A breakout above this resistance could lead to a rally towards $2.10, but prolonged consolidation is likely until this overhead supply is cleared.
(Source：Cointelegraph)