XRP is on the verge of a significant breakout, according to analyst Zach Rector from The Crypto Basic, as the market anticipates the largest crypto options expiry in history. With over $23 billion in notional value set to expire, Bitcoin and altcoins like XRP remain in a consolidation phase. Liquidity maps indicate a potential upward push for XRP, with a move towards $2.50 expected to trigger short liquidations.
Rector suggests that the current price range is a holding pattern, and a breakout above $2.50 could signal a market bottom. Record ETF inflows, particularly for XRP, are providing key structural support, bolstering the cryptocurrency's potential for a significant price movement.
XRP Poised for Breakout as Historic Options Expiry Looms
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