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Recent price action: XRP has rallied from around $2.20 to $3.60 in recent weeks. Rally momentum has surged as institutional interest increases, strong ETF gains, and broader market rotations fuel demand .
Key catalysts:
Record whale accumulation supports bullish sentiment .
Expanded XRP Spot ETF adoption and on‑chain tokenized assets (e.g. Ondo Finance US Treasuries on XRPL) boost institutional narrative .
Unresolved Ripple‑SEC legal case remains a wild card. Recent court rejections of proposed settlement reinforce regulatory uncertainty .
Analyst outlooks:
Charter Market Technician Tony Severino predicts potential 333% gain in 40 days to ~$13+ .
Veteran trader forecasts 60% rally toward ~$4.47 in coming months .
Institutional price targets range between $5–$6.2, based on technicals and ETF momentum .
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📉 Technical Setup & Levels
Support & Resistance:
Critical support zone: $3.00–$3.10. Break below may expose $2.80–$2.50 levels .
Near-term resistance around $3.30–$3.40. A break above $3.40 could trigger higher targets toward $4.80+ .
Indicators:
RSI near 55–60, suggesting moderate bullish momentum without overbought risk .
Trend strength (ADX ~44) indicates a solid upward trend. MACD and other momentum tools align bullishly .
Chart Patterns:
Tightening wedge/pennant setup forming from failed breaks above $2.94–$3.00 could precede breakout toward targets in $5–$7 range .
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🧭 Suggested Trade Setup
Bullish (Momentum-based)
Entry Zone: $3.05–$3.10 (preferably on pullback near support)
Targets: Initial $3.40; extended toward $4.40–$4.80 if volume-backed breakout occurs
Stop‑Loss: Below $2.95–$2.90 to limit downside risk
Conservative (Breakout-based)
Entry: On a daily close above $3.40 resistance
Targets: $4.00–$4.50; further toward $5.00+ if strong follow‑through and institutional flows continue
Stop‑Loss: Below $3.20 to confirm breakout failure
Bearish / Risk-Off Scenario
If price breaks below $2.95–$2.90 with rising volumes: avoid long, consider short targeting $2.50–$2.30 support zone.
