XRP’s Bullish Breakout Imminent? Analyst and Whale Activity Point to Potential Upside

Currently trading around $2.43, Ripple (XRP) is up 3% this week, attracting attention from traders and analysts due to three bullish patterns on the 4-hour chart. Analyst Ali Martinez noted the importance of XRP testing the $2.25 support level. At the same time, Peter Brandt, who was previously critical, now sees positive signs on the weekly chart and believes a breakout is likely.

While Brandt is cautious about price predictions, Martinez proposes a potential rise to $48 after a breakout, with a conservative target of $8. Additionally, whales have taken advantage of XRP’s recent decline, purchasing 100 million tokens valued over $200 million. This dip may offer a buying opportunity, with a target of $4.40 aligned with the bullish patterns

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