XRP, the native token of Ripple Labs, has surged by 12%, drawing attention as it approaches a potential bullish breakout. With activity ramping up among traders and investors, on-chain metrics like open interest, the long/short ratio, and inflow/outflow data highlight growing market interest.
Why are traders placing big bets, and what could this mean for XRP’s future? With long-term holders cashing in profits and trading volumes skyrocketing, this is one to watch.
Read on.
Bullish sentiment is driving traders to increase their long positions on XRP. At the same time, long-term holders are cashing out, likely securing profits after accumulating the token during its recent price drops.
Exchanges recently recorded $57.55 million in XRP inflows, coinciding with the token’s breakout from a consolidation phase. This is the largest inflow in two weeks, sparking speculation about whether it signals a sell-off or further price gains.
In crypto, inflows usually suggest traders may be preparing to sell, potentially leading to price declines. However, the current inflows remain smaller compared to the significant accumulation by long-term holders in recent weeks, hinting at sustained market optimism.
Technical charts reveal a bullish flag and pole pattern, with XRP currently facing resistance near $2.34. Analysts predict that if XRP clears this resistance, it could trigger an 80% rally, potentially pushing the price to $4.45 in the near future.
XRP’s Relative Strength Index (RSI) sits at 56.85, well below the overbought zone. This suggests the token has room for further gains without immediate risk of overextension.
At press time, XRP is trading around $2.33, marking an 11% increase in the past 24 hours. Trading volume has also jumped by 30%, reflecting heightened participation as traders watch for a breakout above the key $2.34 level.
The charts are set for a story of either breakout or retrace—time will reveal the winner.
XRP price prediction for 2025 ranges from $5 to $15, depending on market trends, adoption, and regulatory clarity.
XRP could reach $15 with favorable market conditions, increased adoption, and positive legal outcomes for Ripple Labs.
Yes, XRP has a future, with use cases in cross-border payments, partnerships, and ongoing network development by Ripple Labs.
The all-time high of XRP Ripple was $3.84, achieved in January 2018 during a market-wide crypto rally.
XRP’s current bullish momentum suggests potential gains, but investors should consider risks like market volatility and ongoing legal issues.
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