XRP bull run incoming as multiple bullish patterns align
The post XRP bull run incoming as multiple bullish patterns align appeared on BitcoinEthereumNews.com. Key Takeaways XRP surges 5%, retests bullish breakout, and eyes $3.67 as expert predictions, strong on-chain metrics, and technical patterns signal continued upside momentum and growing investor participation. With a 5% price uptick, Ripple [XRP] has successfully retested its bullish breakout. This retest is not just a sign of optimism for XRP holders but also a potential confirmation of upside momentum. Expert’s bold prediction and current price momentum Reflecting current market optimism, a well-known crypto expert shared a bold prediction on X (formerly Twitter), stating, “XRP’s target is $3.60 next.” The forecast was based on a flag-and-pole breakout pattern and quickly went viral, attracting 63K impressions. At press time, XRP was trading at $3.28, up 5% in the past 24 hours. This rally follows a successful retest of its breakout and has sparked strong investor and trader participation. According to CoinMarketCap, XRP’s 24-hour Trading Volume jumped 15% compared to the previous day. XRP’s bullish on-chain metrics This surge in price and trading volume is attributed to the participation of investors and long-term holders, who have begun accumulating the token. On-chain analytics platform Coinglass reveals that $32.68 million worth of XRP tokens have been flowing out of exchanges, suggesting potential accumulation. Additionally, this negative exchange inflow indicates strong buying pressure and could trigger a massive upside rally. Source: CoinGlass At the same time, traders are also following the same trend. Data shows that, for XRP, the major liquidation levels are at $3.16 and $3.31, where traders are over-leveraged. Additionally, at these levels, they have built $122.14 million in long positions and $54.40 million in short positions, which appear to be getting liquidated as the price continues to rise. Source: CoinGlass When combining this on-chain data with the expert’s bold prediction, it appears that bulls are dominating and pushing the asset to…
The post XRP bull run incoming as multiple bullish patterns align appeared on BitcoinEthereumNews.com.
Key Takeaways XRP surges 5%, retests bullish breakout, and eyes $3.67 as expert predictions, strong on-chain metrics, and technical patterns signal continued upside momentum and growing investor participation. With a 5% price uptick, Ripple [XRP] has successfully retested its bullish breakout. This retest is not just a sign of optimism for XRP holders but also a potential confirmation of upside momentum. Expert’s bold prediction and current price momentum Reflecting current market optimism, a well-known crypto expert shared a bold prediction on X (formerly Twitter), stating, “XRP’s target is $3.60 next.” The forecast was based on a flag-and-pole breakout pattern and quickly went viral, attracting 63K impressions. At press time, XRP was trading at $3.28, up 5% in the past 24 hours. This rally follows a successful retest of its breakout and has sparked strong investor and trader participation. According to CoinMarketCap, XRP’s 24-hour Trading Volume jumped 15% compared to the previous day. XRP’s bullish on-chain metrics This surge in price and trading volume is attributed to the participation of investors and long-term holders, who have begun accumulating the token. On-chain analytics platform Coinglass reveals that $32.68 million worth of XRP tokens have been flowing out of exchanges, suggesting potential accumulation. Additionally, this negative exchange inflow indicates strong buying pressure and could trigger a massive upside rally. Source: CoinGlass At the same time, traders are also following the same trend. Data shows that, for XRP, the major liquidation levels are at $3.16 and $3.31, where traders are over-leveraged. Additionally, at these levels, they have built $122.14 million in long positions and $54.40 million in short positions, which appear to be getting liquidated as the price continues to rise. Source: CoinGlass When combining this on-chain data with the expert’s bold prediction, it appears that bulls are dominating and pushing the asset to…
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