📈 $XRP consolidates after breaking ATH: preparing for the next jump
XRP is trading at $3.42, after consolidating above its new floor at `$3.34–$3.38`. That area has proven to be a volume accumulation zone in the afternoon, which is a sign of institutional strength.
📊 The price has completed a technical pattern like 'W' (inverted double bottom), and if it maintains a daily close above $3.48, the next target would be the zone $3.85–$4.00, with a possible extension towards $4.80–$5.00 if the ETFs and institutional flows continue.
🔧 Technical indicators:
– High RSI, risk of momentary correction
– Positive MACD
– Strong volume on breakout, intact support
🛑 Key levels:
- Intraday support: $3.34–$3.38
- Resistance: $3.48–$3.50 → break → next target $3.85
💡 Volume confluence at support + technical pattern + bullish momentum = strong thrust if resolved upwards.