Bull market underway:
$XRP breaks through $3 and aims for $4?
📌 Today XRP rises by 6.5% surpassing $3, driven by impulses related to positive legal developments, technical strength, and fundamental dynamics of the ecosystem.
🔍 On the technical front, a 'fractal' pattern suggests a potential rally towards $3.75–$4.00
⚖️ The vote on the Ripple vs SEC case on August 15 becomes crucial: a favorable decision could unlock new opportunities. Otherwise, uncertainty and potential negative pressures.
⚠️ However, caution is advised: some technical signals (e.g., 'death cross') and critical levels in RSI suggest prudence – especially if the currency loses key support.
🇰🇷 Flows from exchanges like Upbit emerge as influencing variables: the reduction of Korean selling pressure has helped stabilize the price.
🔧 Meanwhile, Ripple is considering a modular redesign of the #XRPL (in Rust) — a potential technological upgrade that could support the ecosystem in the long term.
Conclusion: sentiment is positive but remains dependent on legal and technical factors. If XRP maintains support above $3, the $3.75 threshold could be in sight. Otherwise, volatility is not excluded.
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