$XRP /USDT
The essentials of the moment:
Estimated current price: around $3.12, with firm support following the favorable legal resolution between Ripple and the SEC, which drove an 11% increase. The RSI is positioned in neutral zone (approx. 51), reflecting balanced technical momentum.
Critical level on the radar: Consolidation above $3.10–$3.12; a sustained breakout above $3.30–$3.40 could catapult the price towards the range of $3.46–$3.60.
Favorable technical structures:
Elliott wave pattern ABC, completing corrective phase and anticipating upward movement.
Analysts interpret the formation of a potential wave 3 of impulse, with projections between $4 and $7.
There are even extreme estimates in the technical narrative, pointing to bullish final impulse towards $13–$18 in case of confirming an extended wave 5.
Zone of historical over-optimism: Glassnode indicates that 94% of holders are in profit, which typically coincides with macro peaks.
Key Technical Scenarios
Scenario Key Condition Potential Targets
Bullish Sustained close > $3.30–$3.40 Short: $3.46–$3.60 → Medium: $4–$7 → Extended 15–18
Neutral Consolidation between $3.10–$3.30 Base for new technical impulse
Bearish Drop below $3.10 Risk of retracement towards $3.00 or less
Express Recommendation
Buy if XRP manages to close sustainably above $3.30–$3.40, with projection towards $3.60 and even higher according to the momentum.
Wait if the price corrects towards $3.10, evaluating technical support before re-entering.
Lightning Summary
The legal resolution with the SEC and consolidation above $3.12 show solid technical and regulatory fundamentals.
The Elliott wave structure and other technical indicators suggest that we may be close to the beginning of a new impulse.
However, such a high level of profit among holders (94%) suggests caution; this, along with historical resistance, must be monitored.
