Ripple has been quite interesting lately. From the 4-hour chart, it has effectively broken through the previous downward channel, but the $2.4 price point is holding it back — clearly feeling the selling pressure here. Currently, the 200-period moving average is acting as support below; as long as it stabilizes and rebounds, it is likely to push again toward this resistance.

From a technical perspective, if the triangle consolidation finally breaks upward successfully, the target could be around $2.7. However, this is still uncertain because SEC regulatory battles have always been a variable, and relying solely on technical analysis can be risky — it’s necessary to consider regulatory developments to see if the momentum can be maintained.

On-chain movements also provide some signals: large transactions have indeed become more active, indicating that funds are moving. But the distribution of holdings is still quite scattered, with clear disagreements between bulls and bears, which means a stronger consensus is needed to confirm a breakout.