The cryptocurrency market, particularly XRP, is showing signs of repeating one of its biggest historic moves, come July. Over the last few days, XRP has been trading steadily around the $2.20 mark which might be the perfect setup for a July XRP breakout.
Analysts have observed that XRP’s Relative Strength Index (RSI) is currently bouncing from levels where it has found support in previous rallies. Additionally, XRP’s price has been forming higher lows, supporting growing bullish momentum beneath the surface.
History Shows XRP’s Ability to Surge Fast
What makes this situation even more interesting is that XRP has a history of sudden, powerful rallies after periods of quiet consolidation. In a previous market cycle, XRP surged over 746% in a single month after a similar setup.
Related: Here’s Why the Old Arguments About XRP’s Centralization Are Fading Away
Source: TradingView
Other monthly gains have included 180%, 125%, and 374%.If XRP follows a comparable path this time, it could see a 500% or more price increase as early as July.
Could This Be XRP’s Last Time Near to $2?
There is also a warning that this may be the last opportunity for investors to buy XRP below $2. The asset has been gaining traction as a payment option in the real world and is being increasingly adopted by businesses outside the crypto space.
Related: XRP Price Prediction: Will July Trigger a Record-Breaking Rally?
XRP’s long-term fundamentals remain strong, and its deflationary nature, combined with increasing real-world use cases, makes it an asset many believe will continue to appreciate over time.
A Bullish July Could Be on the Way
If the current consolidation pattern continues, and the market sentiment remains positive, XRP could experience a sharp breakout in July. A close above $2.21 may be seen as a key signal for the next move.
Source: TradingView
While nothing in the crypto market is guaranteed, the combination of technical patterns, historical performance, and improving fundamentals hints that XRP could be poised for a breakout not seen since its last massive rally.
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