Moon soon? XRP's 'strongest spot premium' aligns with 70% rally setup 🚀
XRP is in its strongest spot premium phase, indicating real demand, not mere speculative futures trading. The number of XRP addresses with at least 10,000 tokens has increased, even during price drops, signaling strategic accumulation by larger holders.
A falling wedge pattern suggests a potential breakout toward $3 to $3.78, representing up to 70% upside. Improved odds of spot XRP ETF approval in the US and the SEC's decision to drop its lawsuit against Ripple further boost market sentiment.
If XRP fails to break above $2.52 resistance, it could pull back, but a breakout at $1.81 would maintain structure with a target around $3.
Source: cointelegraph.com ↗
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