XRP Rally Falters on Heavy Trading Activity

XRP's recent recovery has revived a $2 chart setup, but heavy Binance turnover and leveraged trading have left the rally facing a more demanding test.

Ali's daily XRP chart sketches an inverse head-and-shoulders formation, with a potential breakout above its neckline. The pattern needs a daily close and follow-through above the neckline before the projected move carries technical weight.

The $2.10 level is a measured move, calculated by applying the height of the pattern to its breakout point. It becomes relevant only after XRP clears the neckline and continues to trade above it.

CryptoQuant recorded unusually strong two-way XRP activity through Binance around the recent high. Its analysis noted extreme inflows and outflows, increased derivatives positioning, and a higher longer-term XRP reserve trend on the exchange.