Pair: XRP/USD
Key Trigger: XRP recently cleared the pivotal $2.99 levelādubbed the "nuke"āon strong volume, setting the stage for a major breakout.
Recent Highs: Just days ago, XRP hit ~$2.98āits highest point in 4 monthsāwith strong institutional inflows and renewed momentum pushing it forward .
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š Whatās Powering This Rally?
1. Pinch Point Breakout
XRPās been coiling in a symmetrical triangle or descending wedge from $1.60ā$3.30. The $2.99 breakout is a textbook trigger, often leading to explosive moves .
2. Bullish Volume Surge
Breakthrough on $2.99 was backed by increased trading volumeāindicating real demand, not just speculation. Key whales are accumulating again .
3. Institutional & OnāChain Strength
Spot ETF applications, Rippleās bank charter pursuit, and on-chain metrics (like MVRV ZāScore still subāoverheated) point to sustained strength .
4. Wave Theory in Play
Analysts highlight Elliott Wave count propelling XRP through Wave 3āsuggesting $5 is next, potentially even $15 by next cycle peak .
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šÆ Trading Strategy Cheat-Sheet
Entry Target 1 Target 2 StopāLoss
~$3.00ā3.10 on retest $3.40ā3.60 (shortāterm) $5ā6 ā $15 (midāterm) Below $2.90ā2.95
ā Set OCO orders: entry at ~3.05, SL at 2.95, TPs at 3.50 & 5.
š°ļø Use weekly confirmation and strong volume for confidence before scaling in.
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š Bull vs Bear Scenarios
Bull Case:
Weekly close above $3 + volume triggers march toward $3.40.
Spot ETF approvals, Rippleās charter progress, and continued whale buy-ins are catalysts .
Base Case:
XRP holds $3ā$3.10 range, consolidates before next leg. Healthy structure.
Bear Case:
Failure to reclaim $3 may lead to a pullback into $2.50ā$2.60.
A drop below $2.80ā$2.90 invalidates the breakoutāwatch $2.40ā$2.50 zone as possible support .
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ā” Macro + OnāChain Insight
MVRV ZāScore remains moderateāno signs of overheat yet (below 3.0) .
Institutional demand highlighted by whale accumulation and ETF pipeline; net supply appears locked .
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š” Quick Tips
š Confirm with volume + RSI momentum before entering.
šÆ Partial take-profits at each zone to lock in gains.
š Tight SLs just below key support to manage risk.
š Monitor crypto sector, macro conditions, and Rippleās news flow.
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š§ Bottom Line
Clearing $2.99 is a bullish game-changer for XRP. With strong technical setup, institutional backing, and potential Wave 3 momentum, targets of $3.40, $5, and even $15+ come into clearer view. But risk management is keyāwatch the structure closely and adjust positions as price action unfolds.
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š¬ Are you in for the breakout or waiting on a pullback? Drop a šÆ if you're targeting $5+, or a š if you prefer patience at support!
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