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XRP Displays Bullish Technical Patterns Amid ETF Anticipation, Fueling Rally Prospects

Technical analysis indicates XRP’s current price movement bears striking resemblance to its 2017 parabolic breakout, suggesting potential for significant upside momentum with established support levels at $2.16-$2.18. Key indicators including the Relative Strength Index (RSI) and Fibonacci continuation patterns reinforce this bullish stance, projecting intermediate price targets at $2.69 with a longer-term objective near $3.04.

Growing institutional interest further supports optimism, highlighted by XRP’s inclusion in the Grayscale Digital Large Cap Fund portfolio and expectations surrounding pending exchange-traded fund regulatory approvals. These developments signal robust institutional validation of the digital asset’s fundamental positioning.

Significant accumulation activity among major holders—commonly termed whales—intensifies near-term buying pressure, indicating market positioning for a push toward the $2.48 threshold. Collective market sentiment remains decisively optimistic as XRP’s technical alignment, institutional advancements, and historical breakout parallels converge.

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