A $XRP shot up and remains strong at $3.51, an excellent bullish sign! This appreciation comes from multiple factors:

What drove XRP?

XRP ETFs: The launch of the ProShares Ultra XRP ETF (UXRP) in the US and Hashdex's XRPH11 in Brazil opened the doors for institutional investors. The expectation for a spot XRP ETF is the biggest driver.

Accumulation by "Whales": Large investors are buying XRP in bulk, removing coins from circulation and increasing buying pressure.

Positive Regulatory News: "Crypto Week" in the US Congress with discussions on new laws for crypto, and the prospect of lower interest rates from the Federal Reserve, create a favorable environment for the cryptocurrency market.

Real Adoption: The partnership with the Dubai Land Department to tokenize $2.6 billion in properties via XRP Ledger (XRPL) shows the practical use of the technology.

Market Strength: The good momentum of Bitcoin and other altcoins boosts the entire sector.

Technical Analysis at $3.51

Reaching $3.51 is an important milestone:

Break of Resistance: XRP has surpassed the resistances of $3.00-$3.10 and $3.30-$3.40, which now act as strong supports. This is a very bullish sign.

Next Targets: The focus is now on challenging the all-time high from 2018, around $3.84. If broken, $4.00, $4.50, and even $4.80 become realistic targets.

Technical Indicators:

The MACD shows strong bullish momentum, confirming the strength of buyers.

The RSI is likely in overbought territory, but in strong bullish trends, this can hold for a while. It indicates that buying strength is dominant.

Trading Volume is robust, crucial to sustain the rally.

What to Expect?

XRP shows strong bullish momentum, driven by solid fundamentals and favorable technical indicators. Although there may be small corrections to "cool off" the RSI, the path seems open to test and possibly break the all-time high.