XRP Price Hints at Accumulation: Is a Breakout on the Horizon?

Despite a recent dip in XRP price, it’s holding strong near the $2.40 mark, with analysts suggesting this could signal strategic accumulation ahead of a potential breakout. The crypto market as a whole experienced a 2.81% decline over the past 24 hours, extending a seven-day drop of 4.68%. This pullback is attributed to various macroeconomic pressures and technical setbacks across major digital assets. However, XRP continues to show resilience with higher lows above $2.40. This suggests market participants are accumulating the token ahead of potential upward momentum.