Could #Ripple ’s Price Surge Due to Increased Pressure from Bitcoin’s Price?$XRP

Ripple (XRP) has held steady over the past 24 hours, recording a slight gain of 0.66%, despite a brief dip. At the same time, an analyst suggested that XRP’s price could “create substantial market pressure” as traders with open positions may be forced to close them. Despite XRP’s ongoing struggles, with a 5.29% decline since last Monday, interest in the cryptocurrency is rising. Its trading volume increased by 25.23% to reach $615 million in the past 24 hours.

The renowned trader Crypto Michael highlighted in a September 8, 2024, post on Platform X that there is significant “pressure building” on the XRP/BTC chart, potentially setting up for an upward breakout.