Why XRP is well positioned for an explosive 45% rally to $1 25

Crypto News today – Why XRP is well positioned for an explosive 45% rally to $1.25

XRP price has breached an ambiguous pattern favoring the bulls but spends moving sideways. This lack of volatility is what’s causing the remittance token to remain mum. However, a resurgence of investor interest and inflow of capital could catalyze an exponential move.
A total of 30 new whales holding more than 10 million XRP tokens have joined the Ripple network. This index serves as a proxy of these investors’ intentions and bullish expectations of XRP price. Therefore, market participants can expect the Ripple price to see an explosive rally in the coming weeks.
While both the technical and on-chain metrics paint an optimistic outlook for XRP price, the high correlation of the remittance token with the big crypto could be the reason for its demise. Regardless of the bullish breakout, a fatal crash in Bitcoin price will translate to XRP price and its holders.
If the XRP price produces a decisive close below $0.69, it will create a lower low and end the bullish pennant formation.

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Source: https://ambcrypto.com/why-xrp-is-well-positioned-for-an-explosive-45-rally-to-1-25/

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