XRP Don Pass $3 Because Dem Hope Say SEC Go Settle, E Eye $5 Target
Ripple XRP don do two-phase rally wey e follow plenti better hope because of how im case for the Securities and Exchange Commission (SEC) dey go plus some technical breakouts wey happen. At first, XRP climb like 10% near $1 as people dey talk say maybe for middle 2024, dem go give summary judgment wey go clear im status and make plenty institutions come dey use am well well. The volume increase show say traders don get confidence again, but e still get resistance for $0.90 and support for $0.70 wey set how price start take move. Recently, XRP jump pass $3 with volume spike of $11.8 billion, e do pass Bitcoin and Ethereum for their week gains. E also break from six months falling wedge, targeting 2.618 Fibonacci extension at $4.37, and weekly RSI plus MACD dey talk sey e fit still go up. Big regulatory things dey come like US House vote on crypto bills, ISO20022 migration, and maybe spot ETF launch after SEC case finish. Traders suppose watch support for $2.66 and dey monitor court filings, ETF matters plus volume trends to sabi when to enter or comot as XRP dey ready for short term up and long term growth to $5.
Bullish
Di combined news dey show say XRP get beta chance to go up. Short term, di technical breakout wey pass six-month falling wedge — confirmed by weekly RSI wey no too overbought and MACD golden cross — dey support more gain make e reach $4.37 Fibonacci extension. The $11.8 billion volume spike plus solid weekly gains compared to Bitcoin and Ethereum dey boost momentum well. Long term, wen SEC lawsuit settle, plus if spot ETF approve, an di institutional inflow wey dey expected be strong push for rally go reach $5 target. Key support levels dey for $2.66 and earlier near $0.90–1.00 wey people for watch, but overall trader feeling and how regulatory movement be dey keep beta market stance.