XRP's rebound from the low point has been less than 25%, but many market participants are already discussing target prices of $8-12. This needs to be explained from a technical perspective.

The hourly chart indeed shows RSI entering the overbought zone, and under normal logic, a correction should occur. However, there is an interesting phenomenon—historically, XRP tends to trigger even stronger rallies when overbought, with previous single-sided moves reaching as high as 129%. So, in the short term, there is pressure for a correction, but the long-term upside potential has not disappeared.

The daily chart is even clearer. XRP has just broken through multiple days of resistance, closing at a new high since November. If the upward momentum continues, the first key level to watch is whether it can hold above the $3.13-3.66 range. In extreme cases, it could surge toward $8-12. However, the next few days' performance will be crucial, as it will directly determine whether this is just a rebound or the start of a new trend.

From a position perspective, holding mainly spot is a more prudent strategy. The market indeed looks promising, but short-term volatility is unavoidable, so be mentally prepared.