🚀 $XRP Price Analysis: Is a Bullish Wave to $3 Confirmed? 📈

📊 XRP gained over 6% in the last 24 hours, trading around $2.21. The Bitcoin rally above $92K has boosted confidence across the altcoin market, with XRP showing bullish momentum.

💰 Why is XRP Rising?
Rising crypto Open Interest and the parabolic rally of gold are driving positive sentiment. XRP has been forming a potential inverse head and shoulders (H&S) pattern, which could signal further upside.

🔝 XRP Price Eyes $3
XRP's recent pump brought it close to crucial resistance at $2.23. If it consistently closes above this level, a bullish wave could push the price toward $3. However, a failure to hold above $2.23 may result in a price correction back to $1.76.

📰 Market Developments
With the confirmation of Paul Atkins as the new U.S. SEC Chair, the Ripple lawsuit’s end is in sight, bringing clarity to XRP and the crypto market. Additionally, speculation about a potential spot XRP ETF approval by 2025 has increased, with chances now at 72%.

📈 Looking Ahead
As institutional interest in XRP grows, the market is set to improve, possibly leading to a parabolic rally in the coming months.

⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.