XRP Hack Alert! Price for 80% Rally
Ripple Labs native XRP is poised for a major advance following the formation of a bullish price action pattern on the daily time frame. In the last few days, the entire cryptocurrency market has been struggling, and during this time, XRP has experienced a long consolidation.
XRP price prediction
According to expert technical analysis, XRP broke out of the bullish flag and pole price action pattern on the daily time frame and closed the daily candle above the pattern. This pattern breakdown ended XRP's long rally. Based on the recent price action, there is a high probability that it will rise by 80% to reach the $4.5 level in the coming days.
This looks like a textbook example of a bullish pattern that represents a good buying opportunity for traders and investors looking for long-term holdings.
Metrics signal investor confidence on the chain
In addition to the recent revival, XRP investors have shown strong interest and confidence in the fight even during the price struggle. Since December 18, 2024, exchanges have recorded token gains in just three days, despite a significant price drop in the market, as indicated by Coinlas spot entry/exit metrics.
13 million dollars worth of XRP coming out of exchanges
However, over the past 24 hours, on-chain metrics have seen investors withdraw a significant 13 million XRP tokens from exchanges, highlighting the continued accumulation of long-term holders. This continued rally could strongly support XRP in its rally.
In addition to long-term owners, the participation of traders has also increased. Open demand for XRP has jumped 31% since launch, reflecting strong participation from traders amid the market shift.
Current price momentum
XRP is currently trading near $2.54 and has experienced a price increase of over 8.75% in the last 24 hours. During the same period, the transaction volume increased by 60 percent, indicating high participation from traders and investors.
