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\n\t\t\t\t\t\t\t\t\tIs XRP headed for a 30% increase?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Ripple\u2019s cross-border token has rebounded 7% over the past week, while certain technical indicators suggest a more substantial upside may be knocking on the door.<\/p>\n
Many analysts are also optimistic, predicting a significant pump in case the price overcomes certain resistance levels.<\/p>\n
The popular analyst Ali Martinez claimed<\/a> that XRP appears to be undergoing a structural shift from bearish to bullish, driven by three key factors.<\/p>\n First, he paid attention to the SuperTrend indicator, which flashed a buy signal for the first time since January. \u201cThis flip suggests that selling pressure is waning, and XRP could be gearing up for a trend reversal,\u201d he said.<\/p>\n The second element is the recent whale activity. Martinez revealed that this cohort of investors acquired 360 million XRP last week alone. Worth over $500 million, the stash brings whale holdings to 8.73 billion coins (14% of the circulating supply). Such aggressive accumulation signals strong conviction among these market participants and may prompt smaller players to follow suit, injecting fresh capital into the ecosystem.<\/p>\n Last but not least, Martinez argued that the amount of XRP stored on exchanges continues to shrink. This development is considered bullish because it reduces the immediate selling pressure.<\/p>\n The analyst thinks that if the price closes above $1.55 on a daily basis, it will validate the breakout, with a target of $1.90. \u201cThe bullish outlook remains intact as long as XRP maintains the $1.30 support zone,\u201d he concluded.<\/p>\n Another renowned analyst who touched upon the matter was Crypto Tony. They believe<\/a> XRP could \u201cpump nicely\u201d if it breaks through the $1.45 resistance level.<\/p>\n Market observers using the monikers CRYPTOWZRD and Amonyx gave their two cents as well.<\/p>\n The former claimed<\/a> that moving above the $1.43 mark would offer a long, while plunging below could see \u201cmore random movement.\u201d As of this writing, XRP trades at around $1.45, which supports the bullish scenario.<\/p>\n The latter was even more optimistic, arguing<\/a> that the \u201csupercycle\u201d is on the way and envisioning a price explosion to undiscovered territory in the following months.<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nYou may also like:<\/h3>\n
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