XRP's (CRYPTO: XRP) latest surge follows the SEC acknowledging CoinShares' spot XRP ETF filing and Donald Trump's media post referencing Ripple's business—fueling speculation about XRP's role in future crypto adoption.
Trader Notes: Crypto chart analyst Ali Martinez highlights that XRP is forming an ascending triangle, positioning for a breakout that could lead to a 26% rally.
CrediBULL Crypto sees an ideal setup but warns that XRP/ETH is showing a triple-tap pattern, suggesting potential short-term weakness against Ethereum. He expects a pullback below $2.20 before a stronger move.
CryptoBusy believes XRP is forming a bullish inverse head and shoulders on higher timeframes, signaling major upside.
He suggests remaining cautious on watching out for a breakout above the neckline could confirm further upside and believes if resistance holds there could be a consolidation or a pullback.
Statistics: Santiment data shows XRP Ledger’s market capitalization is up 9% over the past week, outperforming a flat crypto market. Since Nov. 11, 2024, XRP has gained 297% against Bitcoin.
261 new 100,000 XRP wallets have emerged in the past ten weeks, signalling growing confidence.
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