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XRP Price Analysis: Why $3.20 is Crucial

XRP has seen whale sell-off, but a flip of $2.90 could spark another trend. Here's why $3.20 is crucial for a bullish breakout:

- _Whale Activity_: Larger aggressive sell orders paired with a higher number of aggressive buy orders signal activity.
- _Volatility_: XRP's volatility has hit an 18-day low, but flipping the $3.20 zone is key for a bullish breakout.
- _Support and Resistance_: $2.90 remains as support, while $3.20 is the critical resistance level.
- _Tax Exemption_: U.S.-based crypto projects, including XRP, will benefit from zero capital gains tax, potentially increasing demand.

A decisive close above $3.20 could trigger a bullish outbreak, driving prices higher. Conversely, failure to surpass this level could reinforce $2.90 as support. Sustained pressure below this support could initiate a downturn, leading to a test of lower supports.