$XRP 🚨🚨🚨🔥🔥Towards $3.78 for XRP? The 70% rally is taking shape with a powerful technical signal
Strong demand in the spot market, supported by continued accumulation by whales and a bullish technical pattern, suggests potential for an upside in the XRP price beyond $3.75.
Key Takeaway:
XRP's strongest spot premium phase suggests genuine buying demand, not just speculative trading in the futures markets.
The number of addresses holding at least 10,000 XRP has been steadily increasing, even during recent price corrections.
A descending wedge chart pattern suggests upside potential toward $3-$3.78, a potential 70% gain if the pattern is confirmed.
XRP (XRP) is experiencing its strongest sustained spot premium phase in history, a period where the spot market has consistently traded at higher levels relative to perpetual futures contracts.
A 350% Rally Driven by Genuine Demand
Since 2020, previous major XRP peaks have often coincided with futures market dominance, as market analyst Dom noted in a May 2 post on X.
When futures prices exceeded spot prices, it reflected excessive speculation, followed by sharp price drops.
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