🔰 The Spectacular Rise of XRP 🔰

➡️ A Sustainable Rally or a Flash in the Pan?

After a long period of stagnation, Ripple's XRP is experiencing a notable resurgence, fueling the debate about the sustainability of this bullish push. Currently trading around $2.39, the token has managed to break its downtrend, sparking optimism among investors.

Fundamental Factors and Investor Confidence

🔶️Several indicators suggest that this momentum could be more than just a flash in the pan. The number of XRP holders continues to rise, reaching nearly 6.64 million, reflecting growing confidence and long-term interest in this asset. Furthermore, XRP's MVRV Z-Score, a key valuation indicator, hovers around 2.13. This score indicates that XRP is not overvalued, and its current price is likely supported by healthy supply and demand dynamics, reinforcing the prospect of a sustainable bullish movement.

Technical Analysis and Price Targets

🔷️From a technical standpoint, XRP has broken the upper trendline of its descending wedge at $2.29, signaling the end of its downtrend. The next immediate resistance is at $2.48. If buyers manage to surpass this level, potential targets extend to $2.60, $2.83 $ , and even $3.13. However, caution is warranted. A drop below $2.26 $ could challenge this bullish momentum, and a fall below $2.08 $ would confirm a deeper retracement, plunging XRP back into a consolidation phase. To sustainably affirm its momentum, XRP must crucially maintain its prices above $2.26 $ and turn $2.48 $ into support.

🔶️Outlook and Required Vigilance

In summary, on-chain data, such as the increase in the number of holders and a favorable MVRV Z-Score, combined with the break of the downtrend, suggest new opportunities for reloading.🚀