1 August 2025
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XRP Expected to Breakout to $15, Analyst Predicts Major Rally
Crypto analyst CryptoInsightUK suggests that XRP may be entering a significant price phase, potentially reaching $15. Key points include:
- XRP has broken from a six-year consolidation range.
- The recent monthly close indicates structural strength over the last two market cycles.
- Technical analysis predicts a target between $8.70 and $15 in the short-to-medium term.
- The monthly Relative Strength Index (RSI) returning to the overbought zone historically precedes large rallies.
- XRP's relative strength against Bitcoin shows strong positioning after bouncing from support levels.
- XRP's dominance is stable within a significant range, indicating strength in market cap share.
- Negative futures premiums since July 24 resemble setups before previous major rallies.
- Chart structures and momentum indicators suggest potential for sharp upward movement with minor catalysts.
Current trading price for XRP stands at $2.92.