Expert Says XRP Is About to Explode After Spotting This Bullish Signal
2025-07-11 06:48:01
Main Idea
A crypto analyst highlights a bullish signal for XRP, indicating a potential price explosion following a breakout from a descending channel and surpassing a key resistance level.
Key Points
1. XRP has broken out from a descending channel and surpassed a key horizontal resistance level, signaling a potential bullish trend.
2. At the time of analysis, XRP was trading at $2.3771, showing a nearly 3% increase, and later climbed to $2.59, a 7.28% rise over 24 hours.
3. The breakout is technically significant, with the potential for further upside if XRP sustains above the $2.35 support level.
4. Ripple's recent application for a U.S. banking license is seen as a factor that could elevate XRP's role in the financial ecosystem.
5. The analyst's observations suggest the XRP community is anticipating a major price move, though no specific target was mentioned.
Description
XRP has recently demonstrated a sharp shift in structure that could have broader implications for its price trajectory. While the digital asset has traded within a consistent descending channel for months, a sudden move outside this range has now put bulls on alert. One crypto analyst, XRP2020 (@2020XRP), highlighted this development, predicting that the asset will soon explode. A look at the daily chart attached to his post confirms the breakout . XRP’s price has not only closed above the upper...
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