XRP price is currently in an accumulation phase, which could lead to either bullish or bearish outcomes depending on its duration.
The current accumulation trend started in May and has similarities to a previous pattern seen in 2024, hinting at a potential massive breakout.
Investors are advised to exercise patience and wait for a clear breakout above the upper range boundary at $3 before taking action.
For bulls, it is crucial to hold the level of $2.08 to avoid a major price crash, while breaking the resistance at $2.21 could spark renewed bullish momentum.