XRP Shows Potential Parabolic Momentum After Breaking Major Resistance With Over 70% Gains

Key Points

1. XRP surged over 70% in weeks, breaking a key resistance level held since 2018, indicating renewed investor interest.

2. Technical indicators like EMA ribbons and volume expansion confirm strong bullish momentum, but overbought signals suggest short-term risks.

3. Critical support and resistance levels to watch are $2.70–$2.90 (support) and $3.60 (resistance), with potential targets up to $8.00 or higher in a parabolic phase.

4. XRP's trading volume remains robust, with Upbit data suggesting possible institutional interest.

5. Long-term projections based on log regression bands place XRP’s next major target near $8.00, with potential extensions to $40 or $100 if momentum persists.