The analysis focuses on XRP's short-term holder net unrealized profit and loss ratio. Short-term holders are nearing capitulation, presenting a buying opportunity in the orange/red zones. The technical analysis indicates XRP is attempting a breakout from a falling wedge or bull flag pattern on the 2-day timeframe. A daily close above $3 is needed to confirm a trend shift. Previous resistance is flipping into support, which is a bullish sign. The price target is set at $3.65, with subsequent targets at $4.50 and $5. A failure to hold above $2.70 on the weekly scale would invalidate the analysis.The presenter is showing the actual market is bearish at the moment