XRP is at a crucial juncture, trading at approximately $3, following a drop driven by inflation data impacting market expectations. Traders on Myriad predict a nearly 64% chance of XRP reaching $4, while 36% foresee a potential drop back to $2. Recent indicators show XRP near a decision zone, with a Relative Strength Index (RSI) of 48, signifying a slight bearish sentiment but an ongoing bullish trend. The Average Directional Index (ADX) at 28 indicates a strong upward trend is likely to continue. Overall, the price is above both 50-day and 200-day exponential moving averages, suggesting bullish momentum. However, large whale movements have resulted in substantial token distribution, historically predictive of corrections. The conclusion is that while the technical indicators favor a bullish outlook, significant downward risks remain, especially if support around $2.80 fails. Trader sentiment could shift rapidly based on market conditions and regulatory developments, especially with potential positive catalysts like an SEC-approved XRP ETF on the horizon.

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