Despite a recent price decline, XRP has formed a bullish price pattern and is poised for a double-digit price rally. However, XRP is currently struggling and trading near $3.13 with lower trading volume. XLM has surpassed XRP in terms of gains, with XRP traders shifting their attention to XLM. Expert technical analysis suggests that if XRP successfully breaks out of its current pattern and closes above $3.21, it could see a 40% increase to reach $4.50. On-chain analytics show potential accumulation of XRP, with a significant outflow from exchanges in the past 24 hours. However, intraday traders are currently betting on the bearish side, with short-sellers dominating in the short term.
Content Editor ( coinpedia.org )
- 2025-01-30
XRP on the Verge of a Breakout, 40% Rally Imminent?
