Crypto King Mazhar
06/30 14:17
XRP’s bullish setup – Examining odds of altcoin hi
XRP’s bullish setup – Examining odds of altcoin hitting its mid-term target
XRP may be close to a critical breakout as speculation rises, but weak network activity could limit upside.
- Spot taker buy volume has been strong, despite XRP’s declining transaction count and network growth
- Rising NVT and Stock-to-Flow ratios suggested that speculative pressure outweighed on-chain utility
XRP has been trading within a large symmetrical triangle pattern lately – One that has taken shape since its explosive surge in late 2024. In fact, the price seemed to be forming higher lows and lower highs, coiling tightly towards the apex of the structure.
At press time, XRP was trading at $2.19, just above the key support at $2.08, with the major resistances at $2.35 and $2.61 still intact.
The narrowing range suggested that a decisive move may be approaching. Therefore, if buyers manage to flip the $2.35–$2.61 zone, XRP could validate the breakout and trigger renewed bullish momentum.
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