The analysis is bullish on XRP, expecting it to reach 3.12 and potentially 3.3. There was a spike down to 2.98. The speaker initially anticipated a move towards 2.94 to 2.92 after the Federal Reserve announcement, but the support held higher at 2.98. Volume is currently increasing, particularly during the Asian session. Additionally, there's been a break above the 7-day rolling VWAP, with a successful retest this morning, generating a bullish reaction. Despite reservations about the Rex Ospray ETF, it might add momentum to XRP. Current observations also include leveraged positions entering the market and the pre-market S&P 500 is rallying. The analyst also expects to find more resistance at 3.12 and we'll spike down once more into $3 for liquidity, after that we can expect a move up.