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XRP ‘just days' away from all-time high breakout, according to analyst

Author: Content Editor
The article discusses the potential for XRP to experience a breakout and reach a new all-time high. An analysis by The Great Mattsby suggests that if XRP breaks above the 0.886 Fibonacci level at $2.36, it could surge towards its all-time high. The analysis highlights XRP's current strength, which remains above the Ichimoku Cloud and is trading above key support levels. Another cryptocurrency trading analyst, Captain Faibik, also shares a bullish outlook and suggests that XRP could target $3.66. Additionally, on-chain data shows that XRP whales have been accumulating the token, which historically signals increased confidence and often precedes major price breakouts. Market players believe XRP could extend gains under the Trump administration due to anticipation of crypto-friendly policies and more use cases for XRP through its parent company, Ripple. However, the article notes that XRP could face some volatility as Ripple plans another periodic unlock of the asset. At the time of reporting, XRP was trading at $2.36 and exhibiting a bullish bias.

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