XRP faces brutal wipeout within 4 hours

Market Sentiment - XRP is experiencing significant market debate, with some analysts predicting a price increase to $5 by the end of the month, despite recent liquidations totaling over $1.3 million in four hours [1] - A cup-and-handle pattern has been identified on XRP's weekly chart, suggesting a potential breakout above the $3.20 - $3.30 resistance level, with long-term targets reaching $30 during an altcoin bull cycle [2] - Some traders express skepticism, noting that XRP's price will be influenced by broader market trends, including Bitcoin's seasonal downturn and global macroeconomic uncertainties [3] Ripple's Institutional Engagement - Ripple is enhancing its political and institutional presence, as evidenced by Cassie Craddock's participation in a high-profile roundtable at Downing Street, which included key figures from the UK and US [4] - Craddock emphasized Ripple's role in fostering transatlantic collaboration on digital assets and influencing global norms for blockchain adoption, positioning XRP as both a financial instrument and a technology solution [5] Technological Developments - The launch of mXRP, the first yield-bearing liquid staked token on the XRP Ledger, strengthens Ripple's ecosystem, allowing holders to earn 6-8% APY while maintaining liquidity for DeFi applications [6] Technical Analysis - XRP is currently trading in the $2.85–$2.97 range, with Bollinger Bands indicating a period of consolidation before a potential significant price movement [7] - A breakout above $3.17 could lead to further upside, while a drop below $2.77 may result in additional losses [8]