Hey, Binance Square family! Recently, XRP/$USDT has been shining on the charts, and the excitement is real. Here’s the latest update, including insights, targets, and strategic plans—all presented in our signature friendly tone. Let’s see if XRP's next target is $10!💥
📊 Market Snapshot and On-chain Surge
Price Action: XRP recently reached a multi-year high of about $3.70, up over +50% this month.
On-chain Activity: Daily trading volume surged to $1.4B, whale activity is active, open interest reached a new high ($11B futures).
Institutional Momentum: Recent on-chain transfers of 167M XRP (approximately $497M) indicate significant accumulation.
Regulatory and Macro Tailwinds: ETF discussions, legal clarity, and U.S. crypto legislation provide momentum.
📈 Technical Analysis: Patterns and Momentum
Bullish flag/wedge formation on the 4-hour chart—a typical strong breakout setup.
Symmetrical Triangle Breakout Confirmation; Resistance level ~$3.56–3.66 has been cleared.
Bullish EMA Golden Cross (20 crossing above 200), ADX/MACD trending up, RSI not yet overbought.
Volatility Structure: Elliott Wave count indicates the current rebound is in Wave 3 (momentum acceleration phase).
🎯 Key Levels and Trading Plan
Level Importance and Strategy $3.40–$3.50 Key Support Zone — Ideal Buy Zone on Dips, Confirmation of Accumulation Signals Required. $3.66–$3.70 Immediate Resistance — Breaking this level will open the next phase of the uptrend. $4.00 Whole Number — Important Psychological and Technical Milestone. $5–$6.27 Mid-Term Target — Target based on the height of the triangle. $7–$10+ Bullish Scenario Target — If BTC rises and ETF momentum continues.
💡 Binance Square family’s strategy choices
Aggressive Entry: Increase position near $3.50–$3.60 after support confirmation.
Conservative Entry: Wait for candle close to stabilize above $3.70–$3.80—momentum will follow.
Stop Loss: Strictly set below $3.40 to prevent false breakouts.
Take Profit:
First Target: $4.00
Second Target: $5.00–$6.27
Bullish Scenario: Gradually take profits towards $7–$10+.
Position Management: Manage risk—XRP is highly volatile, gradual position building/reducing is recommended.
🔎 Why this rebound is important
On-chain Recovery: Active addresses and payment volume surged, indicating real demand and application.
Institutional Inflows: Whale accumulation + XRP futures (CME) launch + ETF expectations, reinforcing fundamentals.
Technical Breakthrough: Multiple bullish formations (triangle, wedge) combined with volume breakout suggest sustained momentum.
⚠️ Risk Warning
Pullback Risk: RSI near overbought may trigger a short-term consolidation—keep an eye on $3.40 support.
BTC Correlation: If Bitcoin drops, XRP may follow with a pullback—correlation remains strong.
Competitive Pressure: Other cross-border payment tokens are capturing market share—XRP needs to defend its leading position.
🏁 Final View
XRP is at a potential key breakout point. On-chain strength, institutional confidence, and bullish technical formations are resonating, with $4–$6 being a realistic next milestone—if BTC surges and ETF momentum continues, $7–$10 is also within reach.
Now it's your turn, Binance Square family! Are you adding to your position at support, waiting for a breakout confirmation, or preparing to ride the trend? Share your plans, predictions, and insights below!👇🚀#NFT板块领涨 #山寨季來了？ #稳定币监管风暴 #Strategy增持比特币 #以太坊突破3700