XRP Don Rally 550% After Double-Bottom Breakout As Dem Near Spot ETF Approval
XRP don jump over 550% since November, as e break out from one kain seven-year double-bottom pattern pass $1.80 neck-level, then e come test support again. Technical analyst Gert van Lagen talk say dem fit see the price waka go $34 by mid-2026 because dis bullish setup. The rally tight with better development dem for Ripple lawsuit, exchange dem list XRP again and 95% chance say the spot XRP ETF go get approval. But the onchain numbers dey show some valuation wahala: the XRP Ledger market cap-to-TVL ratio dey near 2,200 compared to Ethereum wey get 5.6, plus like 95% plus of the XRP wey dey circulate dey make profit, wey fit make people wan collect their profit quick. Traders suppose balance the bullish technical breakout and ETF hope with the onchain imbalance, so dem fit plan well for near-term position and long-term goals.
Bullish
Di kombin e analysis na show say XRP get better chance to go up. Di clear breakout pass di seven-year double-bottom pattern and di retest confirm say momentum strong for go up. Plus, di 95% chance for spot XRP ETF approval and plus di good news for Ripple lawsuit dem dey add strong support. Even though onchain metrics like high market cap-to-TVL ratio and over 95% holders dey make profit show say people fit wan comot their profit, di technical setup and ETF hope fit make di price continue rise. For short term, traders suppose watch how market dey behave as people dey take profit; for long term, di bullish style and wetin fit happen with ETF launch go help push price reach $34 by mid-2026.