Expert Says XRP Is About to Explode After Spotting This Bullish Signal

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.