XRP Price Set for Meaningful Breakout, Analysts Predict
XRP may be on the verge of a major price surge, according to B2BINPAY analysts. The cryptocurrency has been steady over the past few months. However, the team at B2BINPAY sees a positive shift on the horizon.
The analysts spotted a significant increase in whale holdings, with large XRP investors accumulating 50 million tokens this month. Centralized exchanges, meanwhile, experienced outflows of a similar amount. This suggests a bullish trend for XRP.
Despite this, the price has remained in a tight range for almost two months. The token has been trading between $2.00 and $2.30, currently hovering below $2.20.However, this stability may hide underlying bullish momentum.
“XRP is entering a pressure zone, calm on the surface but coiled underneath,” said B2BINPAY. The price is currently below key moving averages, indicating it could be preparing for a significant move.
The Relative Strength index (RSI) and Moving Average Convergence Divergence (MACD) are neutral, suggesting XRP isn’t overbought. this supports the potential for a bullish breakout.
However,XRP,like other altcoins,faces macroeconomic challenges.High interest rates weigh on risk assets like crypto. Rate cut expectations remain low.
A potential macro catalyst could push XRP higher. If it breaks and holds above $2.30, B2BINPAY analysts believe it could reach $2.70, and even $3.40.
