$XRP
📉 XRP Price Breakout Possibility 📉
Beyond the surface rally in the price of XRP, the historical trend underscores the likelihood of the coin’s breakout.
Per CoinGlass data, XRP liquidations in the digital currency ecosystem is growing at the moment.
However, the overall historical growth trend shows the coin is in a good position for a breakout. On average, XRP records over 26.2% growth for the month.
Thus far this May, XRP price has jumped 13.4%, taking advantage of volatility in the broader market.
Per the XRP/USDT daily chart shown above, the Relative Strength Index (RSI) shows a bullish momentum remains underway.
While the coin is trading above the 50-day Simple Moving Average, the confidence in a breakout remain high.
Whether or not XRP returns to the $3 price mark soon remain to be seen, however, the coin has positive fundamental trends to back this growth push.