1. Recent Performance
• Up more than 60% in the last week: XRP broke out of a consolidation zone that had been maintained for months, indicating a strong entry of buyers.
• The breakout was accompanied by increasing volume, a sign of confidence among market participants.
2. Upside Potential and Projection of 400%
• Breakdown region:
• On the chart, we see the break of an important resistance in the 0.6980 range, which acted as a long-term ceiling.
• After the breakout, XRP entered an accelerated uptrend.
• Fibonacci-based expansion:
• The 400% upside projection appears to be based on Fibonacci extension levels or historical resistance, targeting prices around $3-$5, which were levels reached in the previous bull cycle.
• Fundamentals:
• XRP is supported by adoption narratives in bank transfers, and news about regulatory cases may be positively influencing the perception of value.
• EMA/Moving Averages:
• The asset is above the moving averages, confirming a strong uptrend.
4. Strategy and Areas of Interest
• Immediate support: The 0.6980 region is now an important support.
• Upcoming resistance: Zones near $1.00 and $1.50 may present psychological and technical challenges in the short term.
• Corrections on the way: There may be small pullbacks before resuming the rise, creating opportunities for entries.
5. Conclusion
• 400% upside potential depends on a positive macro scenario and the breakout of resistances at $1.00 and $1.50, with a possible long-term target between $3.00-$5.00.
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