Technical analysis by WizWiza about Symbol XRP on 8/12/2025

XRPUSD Bottom Line: 🚀 Expecting a moderate rise to the $3.50-$3.80 range in the next 48 hours, assuming positive momentum continues. Breaking above $3.30 will accelerate the surge, with potential for a V-shaped recovery post-SEC lawsuit resolution. Technical Analysis and Current Metrics: 📊 Current XRP Price: ~$3.25, up 1.4% in the last 24 hours. Trading Volume: $7.92 billion, Market Cap: $192.7 billion. Key Indicators: RSI and MACD signaling "Strong Buy" for the day and week, with support at $3.10-$3.20 and resistance at $3.30-$3.40. A "Bull Flag" pattern is forming, hinting at an upward breakout if volume increases. Hot News from the Last 48 Hours: 🔥 SEC lawsuit against Ripple ends, removing regulatory barriers and encouraging institutional investments. Whales accumulated 900 million XRP, indicating strong accumulation and high confidence. Rumors of a potential XRP ETF add optimism, though no official confirmations yet. Market Sentiment and Social Buzz: 😎 Very positive sentiment on X/Twitter, with predictions of $4-$5 short-term and even $7-$13 in the coming months. Futures volume up 200% post-lawsuit announcement, but risk of temporary profit-taking. Risks and Scenarios: ⚠️ If there's a general market downturn (e.g., due to macro events), price could drop to $3.10. High leverage in futures market may amplify volatility. Recommendation: Watch for a break above $3.30 as an entry point. This is not financial advice – DYOR! 🔍 #XRP #Crypto #TradingView #Ripple #Bullish