$XRP has finally surpassed the $3 resistance level after weeks of consolidation, converting it into support and is now just 15% away from its all-time high of $3.84.$XRP ✅
This places the asset in a full price discovery mode, where historical patterns suggest that we may witness explosive upward potential similar to the bull market trend in 2017. The monthly relative strength index currently reflects the same setup as in 2017 when XRP surged sharply, adding fuel to the bullish case. However, beneath the surface lie warning signs that traders should not ignore. The derivatives market shows a record level of open interest exceeding $9 billion, indicating extreme leverage and a buildup of positions that often precedes sharp reversals. Seasoned analysts point to strange similarities with peaks from previous cycles and advise investors to set exit strategies now rather than later. While the breakout appears legitimate with clear upward targets at $4.50 and potential $5 if momentum continues, the combination of hot futures markets and historical precedents suggests that this increase may enter its final and most volatile phase. It seems that smart money is preparing for both scenarios - allowing for further upside while being positioned defensively against the possibility of a trend reversal. The current situation requires both faith to ride the wave and discipline to protect gains, as price discovery can lead to life-changing increases but often ends with dramatic corrections when leverage unravels. This is the stage of the cycle where fortunes are made or lost based on risk management rather than sheer optimism.$WCT
#WalletConnect #HumaFinance #lagrange #SoftStaking #caldera @WalletConnect @Lagrange Official @Huma Finance 🟣 @Caldera Official