XRP Price Update: Analyst Identifies Potential “Mega Breakout” to $5 Amid Growing XRP ETF Excitement
XRP's Bullish Technical Setup: Traders are optimistic about XRP's potential for a significant price increase, with analysts noting a cup-and-handle pattern that could target $5 if it breaks above key resistance levels.
ETF Speculation and Market Confidence: Renewed speculation around XRP ETFs, following a U.S. Senate deal to end the government shutdown, is boosting market confidence, with multiple XRP ETF products listed for potential launch.
On-Chain Metrics Indicate Buyer Dominance: Recent data shows a positive shift in XRP's market orders, suggesting increased buyer dominance, which historically has preceded significant price rallies.
Potential for Aggressive Price Movement: If current trends continue, XRP may be poised for a strong upward movement as the year concludes, with current prices around $2.45.
About the author









