correction or consolidation in the short term. Here are the key points to consider:

Short-Term Bearish Indicators

1. Overbought RSI:

$XRP 's RSI remains above 70 on the daily chart, suggesting that its recent rally may be losing momentum. Historically, such levels precede corrections of 25% or more.

Past corrections after overbought conditions have seen XRP retrace significantly, such as the 46.5% drop in mid-2023.

2. Fibonacci Resistance:

The 2.618 Fibonacci retracement level near $1.09 could serve as a critical resistance point. If XRP fails to sustain above this level, a drop toward $1.00 (1.618 Fibonacci level) or even $0.85 (50-day EMA) may occur.

3. Whale Distribution:

A decline in holdings by addresses with over 100,000 XRP indicates potential selling by large investors, which could add to downward pressure.

Long-Term Bullish Indicators

1. Symmetrical Triangle Breakout:

$XRP ’s breakout from a 7-year symmetrical triangle on the weekly chart is a strong long-term bullish signal. Such patterns historically precede significant rallies.

2. Historical Fractals:

If XRP mirrors its 2017-2018 breakout, it could eventually target levels near $3.41 or higher ($13.93 as per the 4.236 Fibonacci retracement).

3. Fundamental Developments:

Ripple’s partnerships (e.g., with Archax) and the potential resolution of the SEC lawsuit under favorable circumstances (e.g., Trump’s reelection) could bolster investor confidence and adoption.

What to Expect

Short Term: A correction or consolidation is likely, with $1.00 acting as a strong psychological support level. Deeper pullbacks could target $0.85.

Long Term: XRP remains in a bullish structure, with potential to revisit $3.41 or higher in the coming months, assuming market conditions and fundamentals remain favorable.

Key Takeaways for Investors

Risk Management: Traders should prepare for short-term volatility, especially if XRP approaches the $1.00-$0.85 support range.

Focus on Fundamentals: Monitor developments in the Ripple ecosystem, including legal outcomes and adoption trends, to gauge long-term potential.

Caution Against Hype: While $XRP

has significant growth potential, always conduct thorough research and avoid speculative overexposure.

This analysis should be complemented with ongoing updates as market conditions evolve.

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