XRP’s breakout odds – Here’s what must happen first for a rally

At press time, XRP was approaching the critical $2.60 resistance with bullish momentum building among traders
Whale activity and rising network engagement strengthen XRP’s case for a breakout rally

Once more, XRP is making news, as its price approaches a possible breakout from its downward trending channel, igniting optimism among investors. Currently, this digital currency is being traded at $2.378, having risen by 1.56% in the last day.

Following several weeks of stabilization, this action has ignited hope amongst traders for an extended upward trajectory. Yet, for XRP to validate its bullish stance, it needs to surmount crucial resistance points around the $2.60 mark.

Is XRP ready to reclaim higher levels?

The behavior of the altcoin’s price seems to imply that XRP might be exploring the limits of its downward trending channel. Lately, there have been signs of increasing optimism as it has gained value, but the $2.60 resistance is a significant barrier yet to be overcome. Should XRP manage to surpass this level, the positive momentum could potentially drive the price towards higher goals.

If the current rally doesn’t continue, there’s a chance we might revisit previous support levels, which could diminish traders’ excitement.

Taker buy-sell ratio highlights buyer confidence

In the past 24 hours, the buying-to-selling ratio increased by 1%, indicating that buyers have a slight edge in the market for perpetual swaps, suggesting a slight dominance of buyers. This percentage is often an indicator of increased confidence among traders who are betting on XRP’s price increase.

Moreover, an increase in purchasing actions (buy-side activity) during this hike might stimulate additional buying interest, potentially allowing XRP to escape its period of stagnation (consolidation phase). However, it’s essential that buyers maintain control to prevent any reversal on the price charts.

Active addresses and transaction growth signal market engagement

Active addresses increased by 0.83% in the last 24 hours, reaching a total of 34,187. Additionally, the number of transactions surged to 1.732 million, showing an increase of 0.87% within the same timeframe.

Together, these measurements showed a continuous increase in network action, usually followed by price spikes. Furthermore, this surge in activity hints at growing investor enthusiasm, reinforcing the positive storyline for the cryptocurrency.

Whale activity adds to the bullish outlook

As a crypto investor, I’ve noticed a surge in interest from large investors as the number of whale-to-exchange transactions increased by 0.84% within the past day. This trend suggests that these whales are strategically positioning themselves, which is typically a sign they expect significant price movements – potentially indicating a promising opportunity for gains.

As a result, their actions make it more likely that we’ll see an increase in prices (bullish breakout). But, for the price trend to continue moving upwards over the next few days, it’s essential that the whales stay involved.

CryptoQuant

Read Ripple [XRP] Price Prediction 2025-2026

Is XRP ready for a bullish breakout?

It appears that Ripple (XRP) is showing robust indications of an impending surge, supported by growing investor assurance, escalating network interactions, and strategic whale maneuvers. If the token successfully surpasses the $2.60 barrier, it might trigger a substantial price hike.

To maintain its progress and prevent a return to stagnation, XRP needs to keep up its current positive trend. In light of this, all signs point towards a potential bullish surge, implying that the present time could be crucial for traders, as it might mark the beginning of an upward movement.

2025-01-12 03:03

Is XRP ready to reclaim higher levels?

Taker buy-sell ratio highlights buyer confidence

Active addresses and transaction growth signal market engagement

Whale activity adds to the bullish outlook

Is XRP ready for a bullish breakout?

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