$XRP

XRP finds itself at a critical juncture following its impressive rally to multi-year highs. The cryptocurrency's surge past $3.40, driven largely by excitement surrounding the ProShares XRP Futures ETF approval, now faces growing skepticism among analysts. Market expert Michaël van Poppe suggests the rapid price appreciation may have overextended itself, warning traders to prepare for a potential correction as bullish momentum shows signs of exhaustion.

Key technical levels are coming into sharp focus as the market weighs XRP's next move. The $3.40 mark has emerged as crucial support - a level that could determine whether the rally has staying power or will succumb to profit-taking. Should this support fail, analysts anticipate a pullback toward the $2.70-$3.00 range, which could serve as a new accumulation zone. More conservative estimates suggest even deeper retracements to $1.81 or $1.57 might be possible if selling pressure intensifies significantly.