$XRP /USDT
🔸 XRP has broken a key resistance after the end of the legal case against Ripple, driven by significant institutional volume and technical patterns such as a bullish flag. It is currently consolidating near $3.30–$3.36, an area where it has already shown technical support.
🔹 If it breaks and closes several candles above $3.40–$3.60, it is most likely to target:
🎯 $4.00–$5.50 as the first major technical target, based on Fibonacci extension projections and predictions pointing to an 80% upside potential.
🔄 Extended target: $8.00, supported by the end of the SEC litigation, formation of the bullish flag, and strong market demand.
⚠️ Warning: Some signs of distribution from whales and the formation of a double top near $3.60 suggest a risk of correction. If it gives up support, we could fall towards $3.00–$2.90, a level that has already been defended previously.
✅ Should we buy back now?
The most prudent action would be to wait for a pullback towards $3.20–$3.30 where firm technical support is observed, before considering a new long entry.
📌 Current recommendation:
Action Condition to do it Target Stop-loss
✅ Buy Only if it breaks and confirms above $3.40–$3.60 with solid volume $4.00–$5.50 $3.20
🔁 Wait If it pulls back towards $3.20–$3.30 and shows clear technical support $4.00–$5.50 (→ $8.00) $3.00
🎯 Extended target: $8.00, validated by bullish technical patterns and the end of the SEC litigation, although ultra-aggressive scenarios even speak of higher levels.