Look, the price of XRP revised nearly 30% after filing a 3.39 ceiling in January, but positive news, including the possibility of Ripple settling with the SEC and getting a new permit in Dubai, has prompted a rebound in the upward trend. Currently, the price is up to 2.47, up 38% from the annual floor of 1.79.

Technically, your XRP is on an upward channel and The 2.37 support (in conjunction with the four-hour EMA 50) prevents further drops. Now the price is on the verge of dealing with a 2.59 resistance (Fibonacci's 0.618 level).

If this level breaks, there is a chance of growth of up to 2.77 (Fibonacci level 0.786).

The symmetrical triangle pattern on the higher time chart also shows that the price is ready for a big move. Given this pattern and the 575% growth in XRP between November 2024 and January 2025, there is a possibility of resistance failure and up to 4.20 in the coming weeks.

Binance's liquidation map also shows that in the 2.66 range, there is a high volume of Lever positions that can act as resistance. If this level is broken, the buying pressure caused by the liquidation of the sellers will drive the price towards 2.98.

Never forget risk management.