Could XRP Surge to $4.5 in September? Wyckoff Accumulation Analysis

New data suggests that XRP could experience a significant price increase in September, potentially reaching $4.50. This surge is predicted based on the Wyckoff accumulation phase, which analyzes large-scale institutional involvement. The analysis breaks down the market into stages, with the accumulation phase holding particular significance. Analysts believe that this phase involves stealthy accumulation by smart money players as they anticipate a price surge. XRP has shown signs of progressing through various Wyckoff phases and is currently moving through the Buying Climax (BC) and Sign of Weakness (ST), before entering Preliminary Support (PSY). This could indicate an impending rally with increasing momentum, possibly leading to a breakout above resistance levels in September.