Despite early-month pullback to around $2.75, XRP is defying odds and displaying a surge in momentum. Experts are closely observing the possibility of a fifth wave rally fueled by strong buying activity on South Korean platforms, positive blockchain metrics, and upcoming events. 📈 📈 📈 XRP supporters remain cautiously optimistic as it hovers near the $2.70-$2.75 support zone, aligning with the Fibonacci retracement level. Charting Guy notes XRP trades at the bottom of an enduring rising channel, hinting at potential targets for a fifth wave rally exceeding $4.16, $4.63, and $5.39. 💰 💰 💰 However, a short-term dip could be in store throughout the crypto sector, potentially leading to a swift rebound. 🤔 CryptoWZRD sees prices fluctuating below $2.83 with $2.64 as a critical support level, while Ali Martinez emphasizes the need for XRP to remain above $2.77 to avoid potential price drops to $2.40. 📊 📊 📊 South Korean exchanges have accumulated over 16 million XRP, valued at roughly $45.5 million, suggesting a possible bottoming-out of current price levels. 💪 💪 💪 The XRPL’s activity is also surging with increased wallet addresses and Linklogis’ stock price soaring after integration with the platform. Messari reports record asset value of $131.6 million for Q2 of 2023. The data paints a positive picture, suggesting potential rebound for XRP if it maintains momentum and gains support from broader market trends. 🚀