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XRP rises 5%, Hertet Bullish Breakout and eyes $ 3.67 as expert predictions, strong statistics on chains and technical patterns signaling continued up momentum and growing investment participation.
With an increase of 5% price, Ripple [XRP] has successfully re -tested his bullish breakout.
This retest is not only a sign of optimism for XRP holders, but also a possible confirmation of upward impulse.
The daring prediction of experts and the current price momentum
Reflection of current market optimism, a well -known Crypto -expert Shared a daring prediction on X (formerly Twitter) and stated: “The goal of XRP is the next $ 3.60.”
The prediction was based on a flag-and-pole failure pattern and quickly went viral and put on 63k impressions.
At the time of the press, XRP traded at $ 3.28, an increase of 5% in the last 24 hours. This rally follows a successful retest of his outbreak and has led a strong participation of investors and traders.
According to Coinmarketcap, the 24-hour trade volume of XRP increased by 15% compared to the previous day.
XRPs Bullish on-chain statistics
This increase in the price and the trade volume is attributed to the participation of investors and long -term holders, who started collecting token.
On-Chain Analytics Platform Coinglass It appears that for $ 32.68 million in XRP tokens has been streamed from trade fairs, which indicates possible accumulation.
Moreover, this negative exchange inflow indicates and indicates a strong purchasing pressure and can cause a huge upward rally.
Source: Coinglass
At the same time, traders also follow the same trend. Data shows that for XRP the most important liquidation levels are $ 3.16 and $ 3.31, where traders are used too much.
In addition, they have built $ 122.14 million in long positions at these levels and $ 54.40 million in short positions, which seem to be liquidated as the price continues to rise.
Source: Coinglass
When combining this data on the chain with the daring prediction of the expert, it seems that bulls dominate and push the possession to retain his bullish momentum.
Moreover, the level of $ 3.31 seems to be the only obstacle that is confronted with XRP; If it knew this level, it could actively see a huge increase in price.
XRP price action and technical analysis
The technical analysis of Ambcrypto revealed that XRP Bullish became after the outbreak and retest of a bullish flag-and-pole pattern formed on the four-hour graph.
At the time of the press it seemed to be active at the level of $ 3.29.
This level also resembles the neckline of an inverted head and shoulder pattern that XRP has formed on the same graph.
Source: TradingView
Multiple bullish patterns indicate a strong upward prospect for XRP.
If it breaks actively and closes a four -hour candle above $ 3.30, it can gather another 12%, making it possible to reach $ 3.67. XRPs Bullish scenario is reinforced by the Supertrend indicator, which is green and is placed under the current price.
This indicates an active update with strong purchasing pressure and bullish dominance.