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Spot Inflows Strengthen XRP Price Rally to $3

XRP has emerged from a 4-hour symmetric triangle pattern and is showing bullish momentum. Currently trading at $2.56, analysts are eyeing $3 as the next target, supported by technical signals indicating further gains.

Symmetrical Triangle Breakout Boosts XRP

For weeks, XRP has been consolidating within a symmetrical triangle, forming lower highs and lower lows. As buyers push the price closer to critical resistance levels, the breakout suggests a positive trend. XRP has surpassed the upper barrier of the pattern at $2.49. If buying pressure continues, Fibonacci projections indicate potential resistance at $2.79 and $3.03, aligning with previous significant price increases.

**Technical Indicators Support Momentum**

The 4-hour RSI currently stands at 64.76, indicating increasing buying pressure. If RSI exceeds 70, XRP may become overbought and experience a correction. However, in a prolonged bullish sentiment, the RSI could remain elevated. Support at $2.34, based on Fibonacci retracement levels, is crucial; maintaining above this level could lead to further gains. A daily close above $2.60 would reinforce the bullish outlook.

Rising Spot Inflows Fuel the Rally

On February 13, XRP saw a net spot inflow of $22.36 million, pushing the price to $2.56. This influx of cash into exchanges suggests accumulation and a readiness for future increases. Higher net flows indicate greater demand for XRP among investors.

What If XRP Declines?

If XRP falls below the breakout zone, it may drop to lower support levels, with $2.34 as the first line of defense, followed by $2.20. A break below these levels could undermine the positive outlook and lead to further declines.