XRP Price USD Explodes 8% and Analysts Predict it's Just Getting Started
XRP records an 8% weekly gain, pushing its price to $2.4. This price surge comes in tandem with a broader crypto market rally, which saw the total market capitalization increase by 9.6%. Memecoins are once again leading the charge, grabbing headlines and investor attention. But in the background, seasoned traders are watching XRP closely, wondering if its long-awaited breakout is finally around the corner.
XRP/USDT 1-day chart - TradingView via Bitget
Despite being known as a lagger in the crypto space, XRP has a history of explosive moves when market conditions align. With Bitcoin recently surpassing the $100,000 mark and the overall sentiment turning bullish, XRP could be gearing up for a significant run.
XRP Price Prediction: Is the Big Move Finally Here?
Analysts are divided, but many predict that the XRP price USD could climb between $2.8 and $3.2 during the upcoming bull run. Some experts even argue that the bull market has already begun, fueled by increasing institutional interest and the continued growth of blockchain adoption worldwide.
XRP/USDT 1-day chart - TradingView via Bitget
However, caution remains. Several market analysts believe that this recent surge might just be a fakeouta temporary price pump designed to shake out weak hands before a larger correction. According to this view, XRP could retrace back to its key support zone between $2.0 and $2.2 before making any meaningful attempt at new highs.
Technical indicators on the daily charts show mixed signals. While the RSI (Relative Strength Index) suggests XRP isnt yet overbought, trading volumes remain inconsistent, leaving room for both bullish and bearish interpretations. Traders are advised to watch the $2.5 resistance level closely. A confirmed breakout above this range could trigger a stronger move toward the $3 mark.
Final Thoughts: XRP PriceBreakout or Breakdown?
With crypto market momentum building and Bitcoin dominance slightly declining, altcoins like XRP are starting to gain traction. Whether this results in a sustained rally or a short-term correction remains to be seen. One thing is certainXRP is back on traders radars, and its next move could be decisive.
If youre holding XRP or thinking of buying in, keep an eye on key resistance and support zones. The coming weeks will likely reveal whether this is the beginning of XRPs long-awaited rallyor just another bump in its sideways journey.
Read more: https://cryptoticker.io/en/xrp-price-usd-big-move-coming/
Text source: CryptoTicker
