Analyst Javon Marks identifies a hidden bullish divergence in XRP, signaling a potential breakout toward the $3.40 and $4.804 targets. This divergence, coupled with steady accumulation and strong liquidity, fuels optimism for continued upward movement.
Market analysis highlights a positive trendline for XRP, indicating sustained buying pressure as prices stabilize between $2.32 and $2.38.
The price action could surge past resistance at $3.40, triggering an ascent to the $4.804 level – over 100% from current values.
CoinMarketCap data reflects a slight decline of 0.48% for XRP, trading at approximately $2.36. Despite short-term volatility, the market remains relatively stable and liquidity levels are supportive for trading on major exchanges.
XRP’s future potential is influenced by regulatory advancements and growing institutional interest in spot XRP ETFs. Ripple Labs continues to expand its payment network globally, targeting Latin America and the Middle East. Santiment data reveals increased large transactions exceeding $1 million and a decline in exchange reserves, suggesting accumulation from long-term holders.
Analysts believe maintaining support above $2.20 is crucial for sustaining momentum. Breaking through $2.90 could signal a potential surge towards $3.40 and ultimately the $4.804 mark as buying pressure intensifies.