Calm Before the Rocket: XRP’s 256-Day Standoff Poised for $10–$15 Breakout Amid $400M Upbit Surge
Main Idea
XRP has been in a 256-day sideways range, with analysts predicting a potential breakout to $10-$15, while a surge in trading volume in South Korea's Upbit exchange is drawing significant market attention.
Key Points
1. Technical analyst XRPunkie notes XRP has been in a 256-day sideways range, suggesting a potential breakout to $10-$15.
2. Ali Martinez highlights XRP’s multi-year symmetrical triangle breakout in November 2024 could lead to a price target of $12.60.
3. XRP is currently trading at $3.10, according to CoinGecko data.
4. Upbit, a South Korean exchange, recorded $400 million in XRP trading volume in 12 hours, surpassing Binance.
5. South Korea’s crypto market, driven by retail investors, reacts quickly to price signals, making Upbit’s volume surge significant for XRP’s momentum.
Description
XRP’s 256-Day Pause: Why Resilience Could Be Rewarded Technical analyst XRPunkie notes that XRP has been locked in a 256-day sideways range, a rare stretch that can precede explosive moves. After testing investor patience, this prolonged consolidation could now be priming XRP for a decisive breakout, with XRPunkie eyeing a bold $10–$15 target. Taking on X, formerly Twitter, the analyst noted , “XRP has been in the sideways range for the last 256 days. If you've been sitting throughout the last 8...
Latest News
- Solana ETF Hopefuls Face New SEC Deadline Amid Rising Market Interest2025-08-15 15:17:29
- XRP Whales Buy the Dip: 120M Coins Accumulated as SWIFT Sparks Bullish Buzz2025-08-15 15:13:24
- Coinbase Buys Deribit, Targets Institutional Traders Worldwide2025-08-15 14:43:04
- US Treasury Statement Sends Bitcoin Tumbling After Historic High2025-08-15 14:06:42
- XRP Open Interest Explodes Past $3B as Ripple CEO Hails XRP ETF Revolution2025-08-15 13:54:34