XRP is currently trading in a narrow range between $2.79 and $2.83, with analysts predicting a potential breakout. Despite a 42% drop earlier this week, long-term holders have been accumulating XRP below $2.40, indicating renewed interest in the cryptocurrency. The Relative Strength Index (RSI) recovery and Bitcoin's stabilization are seen as positive indicators for XRP's next move.
Volatility remains high, with significant whale liquidations and a sharp decline to $1.64 reported. Ripple continues to face structural challenges, but the accumulation volumes suggest that buyers are positioning for a potential recovery.
XRP Trades Narrowly as Analysts Predict Imminent Breakout
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