$XRP Is this going to soar or is it peaking for a pullback? #山寨季何时到来？

In the last three days, both news and technical indicators have exploded; Koreans have directly bought XRP, dubbing it the "new darling of Asia," and institutions are flocking in!

The 24-hour XRP trading volume on Upbit exchange exceeded 650 million USD, which is 2.3 times that of Bitcoin, and the frenzy among Korean retail investors far surpasses that of other mainstream coins; Nasdaq has applied to include XRP in the digital asset index, and ProShares plans to launch the world's first XRP ETF on July 18

CoinShares' XRP fund has doubled in size, and traditional capital is frantically positioning itself; Grayscale has also launched the first XRP trust fund in the U.S., and these institutional moves are creating a strong positive resonance!

XRP has broken through the crucial psychological barrier of 3 USD, with trading volume increasing alongside price on the 4-hour chart, MACD showing a bullish crossover, and RSI breaking out of the overbought zone leaning towards strong neutrality; after the Bollinger Bands narrow, the price is pushing against the upper band, indicating a clear short-term bullish trend

Looking at future trends, if the ProShares ETF launches smoothly and the Nasdaq index is approved, XRP could attract more institutional funds pushing it towards 3.6-3.8 or even 4 USD;

However, caution is needed regarding whether Grayscale's 250,000 USD trust fund has already front-run the good news; if the price cannot stabilize above 3.2 USD this week, it may pull back to 2.8 USD for support

Personally, I believe XRP's short-term surge is benefiting from the Korean craze and institutional positioning, while its long-term value depends on the outcome of the ETF and continued inflow of traditional capital. It is recommended to pay close attention to the market reaction after the ProShares ETF launch on July 18; if a breakout occurs, it could rise to 4 USD, otherwise, one must guard against pullback risks.

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