๐ซ๐ฅ๐ฃ ๐๐ฟ๐ฒ๐ฎ๐ธ๐ผ๐๐ ๐ง๐ฒ๐๐๐ $3.25 โ ๐ก๐ฒ๐ ๐ ๐ง๐ฎ๐ฟ๐ด๐ฒ๐ $3.77 ๐ผ๐ฟ $6?
โ Quick snapshot:
Current price: $3.245, up ~10% in 24h & ~33% in 7 days.
Broke a multi-year resistance trendline, now forming a small triangle pattern โ typical before another big move.
Trading volume surged to $11.5B, confirming demand.
๐ Technical picture:
XRP cleared a major ceiling near $3, which acted as resistance for years.
Now consolidating inside a smaller triangle โ next breakout could target:
โ
โข Short-term: ~$3.77 (based on current momentum + liquidity zones). โ
Medium-term: ~$6 (based on Fibonacci extension & prior rallies).
RSI and volume show bulls remain active, but over-extension can bring quick pullbacks.
๐ Hidden driver: falling Dollar Index (DXY)
Analyst Versan Aljarrah notes XRP rallies often start when the US Dollar Index drops.
This pattern played out in 2018, 2021 & late 2024 โ each time XRP hit multi-year highs.
DXY is dipping again; if this continues, XRP could repeat history.
๐ฅ Other bullish signals:
$360M in shorts liquidated recently โ forced sellers add upside pressure.
Possible XRP ETF rumor & cooling Ripple-SEC legal battle boost sentiment.
Experts like Ali Martinez see price potential up to $6; CasiTrades highlights Fib levels matching that.
๐ Key levels traders should watch:
Immediate support: ~$3.00 โ keeps rally alive if holds.
Liquidity zone & short-term resistance: ~$3.40 โ break here could trigger fast move to $3.77.
Main target if rally extends: ~$6.
If price slips below $3.00 with high volume โ could weaken short-term momentum.
๐ก What to do next:
Watch volume on breakouts: big moves need volume confirmation.
Be cautious near overbought levels; consider partial profits if RSI spikes.
โญ Summary:
XRP broke a years-long downtrend & volume supports bulls. While $3.77โ$6 are realistic targets, traders should watch support at ~$3 and volume strength to confirm this isnโt just a quick pump.