XRP Shows Potential for Further Gains Amid Rising On-Chain Activity and Technical Breakout
2025-07-21 02:42:12
Main Idea
XRP shows potential for further price gains due to a technical breakout above $3.40, rising on-chain activity, and capital rotation from Bitcoin to XRP, with short-term targets set at $5.50 and beyond.
Key Points
1. XRP broke above $3.40, confirming a bullish technical pattern (W-shaped and bull flag) with momentum indicators like ADX and RSI supporting further upside.
2. Short-term price targets are set above $5.50, with some analysts projecting a potential rise to $17.
3. On-chain activity shows a 50% surge in retail participation, and open interest has surpassed $10 billion, reflecting strong bullish sentiment.
4. XRP/BTC trading pair broke key resistance levels, indicating capital rotation from Bitcoin to XRP, with XRP's market dominance increasing by 26%.
5. Analysts compare the current rally to XRP’s 2017 consolidation phase, suggesting a similar breakout potential.
Description
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