XRP's rebound from the low point has gained less than 25%, yet many market participants are already discussing target prices of $8-12. This requires some technical analysis.

The hourly chart does show RSI entering the overbought zone, which conventionally suggests a pullback is due. However, there's an interesting phenomenon—historically, XRP tends to launch more aggressive rallies when overbought, previously even experiencing a 129% one-way move. So while there's short-term correction pressure, the long-term upside potential remains intact.

The daily timeframe is clearer. XRP has just broken through multi-day resistance and created a closing high since November. If the uptrend maintains its momentum, the first level to watch is whether the $3.13-3.66 zone can hold firm. In an extreme scenario, it could indeed surge toward $8-12. However, the performance over the next few days is critical—it will directly determine whether this is an ordinary rebound or the beginning of a new trend.

From a position perspective, favoring spot holdings is the more prudent strategy. The market does look promising, but short-term volatility is inevitable. You need to be mentally prepared for that.