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XRP Aims for $4.80 Breakout With $8 Target in Sight After Latest Surge
- XRP has surged by 2.76% to reach $2.23, eyeing breakout targets at $4.80 and $8.
- There has been an increase in whale accumulation, with 2,700 wallets holding 1M+ XRP.
- XRP network activity has surged, with 295,000 daily active addresses fueling bullish momentum.
- Crypto traders are optimistic about XRP's potential breakout after weeks of sideways movement.
- XRP's price has climbed due to market strength and positive technical indicators.
- Analyst Javon Marks predicts a bullish phase for XRP, targeting $4.80 initially and potentially $8.00 long-term.
- Trader CW notes XRP's battle with a significant sell wall and targets $2.60 if resistance is breached.
- On-chain data reveals growing network engagement, with a notable increase in active addresses.
- Over 2,700 whale and shark wallets now hold at least one million XRP tokens each.
- Despite surpassing key resistance levels, opinions differ on XRP's ultimate cycle top.
- Analyst Egrag Crypto suggests XRP could reach between $10 and $27 before a significant correction.
- XRP is fluctuating between $2.00 and $2.65, with a potential breakout if it surpasses $2.65.
- A drop below $2.00 could shift momentum to the bears, targeting the next support near $1.61.
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