Thanks to the recent $428 million whale inflows, #XRP price has traded above $0.60 mark for 4 consecutive days since March 20, signaling that the bulls could be targeting a 20% breakout toward $0.75 in the week ahead.
Also, with the Relative Strength Index indicator currently trending at 52.3, it shows that XRP markets are currently far from overheated. Strategic new entrants could interpret this to mean room for more intense bullish activity in the coming days.
If this positive outlook plays out, the $0.70 territory form a major bearish resistance cluster as depicted by the upper limit of the Bollinger band indicator.
However, if the bulls can scale that sell-wall, a parabolic breakout toward $0.80 could be on the cards.
