๐ฅ $XRP Eyes $17 โ Can Bulls Pull Off a 480% Rally? ๐
๐ XRP dipped to $3.45 today, down from its 24h high of $3.53, as traders took profits over the weekend. Still, the bullish structure remains intact, and analysts suggest a 480% rally to $17 may be on the horizon.
๐ The breakout from a bull flag pattern signals strong momentum. Based on the flagpole height, XRP could surge toward $17 โ as long as retail buyers sustain pressure and avoid exhaustion.
๐ The ADX indicator, now turning north after months of decline, supports this bullish move. Meanwhile, RSI at 69 reflects strong buying pressure, pointing to continued upside.
๐ง Fueling optimism is the GENIUS Act โ a potential regulatory shift in the U.S. that could boost XRPโs appeal and accelerate gains in the coming months.
๐ก On-chain signals are flashing bullish too. Daily active addresses jumped from 58K to 88K in just 48 hours, showing rising investor interest. Open Interest has also surged past $10B, with funding rates climbing โ clear signs of increased speculative activity.
๐ฅ Bottom line: Despite the pullback, XRPโs rally could just be getting started. A confirmed breakout and rising demand might pave the way to $17.