XRP Price Surges 30%: Will It Breakout or Consolidate?

A Sign of Bullish Momentum?

XRP has surged 30% recently, stabilizing between $1.90 and $3.40 after facing selling pressure. On-chain data shows major investors accumulating XRP, a common precursor to price rallies. The key question now is whether XRP can break through resistance levels and sustain its momentum.

Currently XRP Price trading at $2.33 as per Coinpedia Market data.

For a more detailed XRP price prediction 2030, check out our full analysis!

Major Investor Confidence

Whales have accumulated over 150 million XRP in recent days, signaling confidence in the coin’s future. XRP’s price above critical support suggests a potential breakout, but it needs to breach the supply zone for a long-term bullish trend. The coming days will determine whether XRP continues consolidating or pushes higher.

Can XRP Lead the Next Bull Run?

XRP has outperformed other altcoins by consistently reclaiming support levels after market downturns. Trading around $2.35, XRP has positioned itself as a potential leader in the next market rally. However, bulls still need to push the price above supply levels for a breakout.

XRP’s Next Move: Rally or Drop?

To rally, XRP must break through $2.60 and reclaim the $3 resistance. A drop below $1.90 is still possible if support levels are retested. The broader market’s performance, including global economic conditions, will influence XRP’s future price direction.

Global Trends and XRP’s Future

XRP’s price movement will depend on breaking resistance levels and broader market trends. A recovery in global markets could fuel XRP’s rise, while external factors like regulations and risk sentiment will continue to impact its price. Investors should stay alert to potential market swings.