XRP is witnessing a significant surge in spot market demand, with a bullish technical pattern suggesting potential price growth beyond $3.75. The current strong spot premium indicates real buying interest rather than purely speculative trading. Notably, there has been an increase in the number of XRP addresses holding at least 10,000 tokens, signaling sustained accumulation by larger investors despite short-term price fluctuations. If XRP can break above the resistance level at $2.52, a bullish falling wedge pattern could lead to a rally toward $3.78, representing a potential 70% increase. In contrast, failure to surpass this resistance may see XRP pull back to around $1.81, maintaining the overall bullish structure. Optimism among investors is also driven by anticipation surrounding the approval of a spot XRP ETF in the US. Overall, XRP's robust market environment is characterized by serious demand dynamics that differentiate this rally from previous price movements influenced mainly by speculative futures activity.

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