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Ripple’s XRP Bullish Pattern Signals Major Breakout — Could XRP Surge to $5
Top analysts have predicted a potential surge in the price of Ripple (XRP) due to its recent technical breakout. According to on-chain indicators, it seems unlikely that this rally will be short-lived.
The cryptocurrency market has been stagnant over the past few days, with Ripple’s XRP being no exception. However, despite the bearish sentiments, XRP remains steadfast in its support levels, which could potentially ignite a price recovery.
As of writing, the XRP price was trading at $2.20, down 2.97% in the past 24 hours and 5.1% over the past seven days. The recent increase in whale activity, combined with bullish technical indicators, makes it seem plausible that XRP’s rise to $5 is not out of the question.
The article discusses how whales have played a crucial role in the history of cryptocurrency price fluctuations. Large outflows from exchanges are often associated with asset accumulation and, therefore, bullish sentiment.
Moreover, this surge could be attributed to recent whale activity, which has led to an increase in XRP being sent to major exchanges such as Binance and Bitstamp.
Source: www.crypto-news-flash.com
