<ul data-eligibleForWebStory="false"><li>XRP has been trading in a tight range for months but is showing signs of a possible major breakout, with analysts pointing to indicators like the Bollinger Bands and rising volume.</li><li>Analysts predict potential price targets for XRP, with some suggesting a move up to $16 based on historical chart patterns and tight Bollinger Bands signaling a potential pump.</li><li>Institutional signs, including a large token transfer and Ripple's banking license application, are fueling breakout expectations for XRP, with speculation that larger entities may be gearing up for significant moves.</li><li>Ripple's recent efforts towards acquiring a U.S. banking license and speculation around a possible XRP exchange-traded fund are contributing to market confidence, as eyes remain on the key $2.40 resistance level for a potential breakout.</li></ul>

After Weeks of Sideways Trading, Charts Suggest XRP is set for Its 2025 High

Discover more