#Choppy Market – Long or Short?   XRP has become the center of attention for investors: What do major whale movements and technical indicators indicate?

Ripple (XRP), one of the favorite altcoins in the cryptocurrency market, has been attracting investors' attention with its recent developments. The cryptocurrency market has become more active after the inflation data announced in the US fell short of expectations and former President Donald Trump suspended tariff plans. While these developments supported investor confidence, altcoins began to receive bullish signals. XRP, which was positively affected by this process, attracted attention by managing to stay above the $2 level.
XRP has managed to become the center of attention
According to market data, the open position amount in the futures contracts of the popular altcoin increased by 5 percent, reaching $3.1 billion. This situation shows that the market's buying expectations are strengthening. In particular, the liquidation of a total position of $5.2 million in the last 24 hours indicates that the price may show sharp movements. While $3.6 million of these liquidations came from short positions, $1.5 million came from long positions.
Another development that caught the attention of XRP investors was the large-scale transfer made by Ripple. Approximately 200 million XRP worth $403 million was sent from the company's wallet to an unknown address. Ripple may be making possible strategic preparations. While some attribute this transaction to over-the-counter (OTC) sales or internal wallet arrangements, Ripple has not yet made an official statement.
There are also remarkable developments in the long-standing lawsuit between Ripple and the US Securities and Exchange Commission (SEC). The parties' request from the court to temporarily suspend the process may indicate that steps are being taken towards reconciliation. In particular, the SEC's decision to abandon appealing the decision that the versions of XRP traded on exchanges are not securities was interpreted as an important gain for Ripple.
Ripple technical analysis: What investors should pay attention to
The price of the popular altcoin has risen above the $ 2 level again after short-term declines and is currently trading at $ 2.04. However, the price is facing a resistance point at the 100-day exponential moving average of $ 2.10. It is estimated that if this level is exceeded, the price could rise to $ 2.60. On the other hand, the first important support level in a downward movement stands out as $ 1.73. If this support point is broken, a pullback to $ 1.30 may be on the agenda.
According to market data, the long/short ratio in XRP is at 1.2. This shows that investors are mainly taking positions with an expectation of an increase. The increase in transaction volume and the increase in the number of active wallets also support this positive trend.
As a result, in light of all these developments, it can be said that the technical and fundamental dynamics of the popular altcoin are gaining strength. Both the increase in investor confidence and the softening signals in the Ripple-SEC case indicate that the price may be preparing for a new wave of increases. However, monitoring short-term resistance levels carefully is important for risk management.