Saad Ullah
XRP jumps 9.68% to $3.28 after completing its 5-wave correction, with bulls now targeting the $3.80–$4 resistance zone.
SEC Victory Fuels XRP Rally Toward $4 Target
The dismissal of the SEC lawsuit against Ripple has been a game-changer for XRP, removing the biggest obstacle to institutional adoption. This legal clarity has freed up interest that had been waiting on the sidelines.
XRP has broken past its consolidation range and is now eyeing the $3.80 resistance level. A decisive break above this could open the path to $4.00 – the upper boundary of analysts' target zone. With both technical patterns and legal victories aligning, XRP looks set for its strongest rally in months.
XRP Breaks Out After Completing 5-Wave Pattern
XRP delivered a knockout punch to bears, surging 9.68% to $3.28 after completing a textbook 5-wave corrective structure. The breakout pushed the token from an intraday low of $2.97 to a high of $3.30, showing real conviction from buyers.
The bounce from the crucial $2.85-$2.90 support zone demonstrated serious buying power, with bulls defending this level before breaking above the psychological $3.00 barrier. This 5-wave completion typically signals the end of a bearish cycle, setting up renewed upward momentum.
Saad Ullah
