The $XRP coin has seen

The past few months have been quiet, as its price has mostly moved sideways after a strong start to this year. But here's what sets XRP apart: Its price usually stays calm before surprising everyone with a sudden breakout. Here are three simple reasons for the potential rise in the price of #XRP in July:

A breakout pattern is forming

According to analyst Michel, the price chart of $XRP shows a classic breakout pattern. The peaks are declining, the troughs are rising, and the price is contracting into a tighter range. This type of "price pressure" often ends with a strong and explosive movement.

This pattern may reach a breaking point around July 25. Of course, markets can be unpredictable, but indicators show that $XRP is preparing for an important decision soon, either a sudden rise or a sharp drop.

Related article: Is the #XRPBTC pair gearing up for a rise? The wedge indicator and relative strength index suggest so.

Whale wallets are increasing

Another indicator is the sudden increase in whale wallet activity. History shows that whenever these whales start buying aggressively, the price of XRP typically follows with a strong rise.

💥 Urgent:

Whales bought 420,000,000 #XRP ($915 million) over the past week.

Large inflow into large wallets.

What do they know?

Over the past six months, the accumulation of #الحيتان has significantly increased, similar to what happened in late 2024 before the price of XRP rose by 600%. Currently, the analyst mentioned that the market is experiencing the same type of buying again. The interesting part? The price hasn't moved much yet, indicating a big move may be imminent.

Macroeconomic and industry catalysts

Finally, there's a mix of positive news inside and outside the cryptocurrency world that could lift the value of XRP. In the broader economy, there is increasing pressure on the U.S. Federal Reserve to lower interest rates. Lower interest rates tend to boost riskier assets like cryptocurrencies, and if rates decrease later this year as expected, the value of XRP may rise alongside this wave.

In the world of cryptocurrencies, XRP is making headlines due to its practical uses, especially in cross-border payments and stablecoin transactions. The #RLUSD coin processes daily transactions exceeding $10 billion. As more institutions move away from older stablecoins like USDT and USDC, the #Ripple network will benefit from this, potentially driving the price of XRP up.