XRP price ‘highly rare’ setup eyes 60% gain past $3, veteran trader says

Key Points

1. XRP could rally by around 60% to $4.47, according to a veteran trader analyzing a 'compound fulcrum' setup on the weekly chart.

2. XRP posted its strongest weekly gain since November, rising approximately 25% in the week ending July 13.

3. The number of wallets holding at least 1 million XRP has reached a record high, signaling increased confidence among large investors.

4. On-chain data shows XRP has moved into the 'belief-denial' phase, historically indicating potential for further price gains.

5. A break below the $1.80 support level could invalidate the bullish setup.