It seems to still be falling

XRP Double Bottom Reversal Established! $30 Target Price Supported by Multiple Dimensions, Chinese Investors Should Focus on These Three Major Signals]

1. Technical Triple Resonance, Reversal Momentum Ready to Unleash
According to the latest monitoring by the well-known domestic blockchain data platform Chainalysis, XRP has completed a classic double bottom structure in the $1.79-$3.36 range, with trading volume breaking through the $2.35 neckline resistance increasing by 300% compared to the previous week, forming a perfect combination of 'volume and price rising' . It is noteworthy that the volatility of this pattern (178%) shows a high consistency with historical bull market cycles, suggesting that this rebound may have an equivalent level of upward space.

"From the Fibonacci retracement level, the current price of $2.34 is exactly at the 0.618 key support level, which explains the recent market's resistance to decline." A private equity fund manager revealed to the author that his team has included XRP as a key observation target for March, "If it can effectively stabilize above the psychological level of $2, the probability of hitting $30 within the next 60 trading days will exceed 70%."

2. Policy Tailwind Combined with Industry Layout, Fundamental Quality Change
The trademark application for cryptocurrency asset custodians submitted by Ripple Labs earlier this month is triggering a chain reaction in the industry. A blockchain head of a certain state-owned large bank pointed out: "Once this patent is approved, it will greatly improve the compliance application scenarios of XRP in the cross-border payment field, especially the landing speed in countries along the 'Belt and Road' may exceed expectations."

More noteworthy is the recent implementation rules issued by the Hong Kong Securities and Futures Commission for the 'Virtual Asset Trading License System', which clears obstacles for institutional funds to enter. Several QFII institutions have indicated that they are assessing the possibility of including XRP in alternative asset allocations. "When mainstream institutions start to pay attention to cryptocurrency assets, their liquidity premium will significantly increase," said the chief strategist of a trillion-yuan private equity fund.

3. Risk Warnings and Investment Strategies
Although market sentiment is high, seasoned analysts remind to be cautious of three potential risks:

The possible global capital market volatility caused by the results of the Federal Reserve's March interest rate meeting The latest developments in the SEC's determination of XRP's securities attributes Innovations and breakthroughs in the cross-border payment field by competitors (such as USDT, BNB)