#XRP

Trade now ❤❤🙏🙏💯💯💯👍👍❤

4 𝙎𝙞𝙜𝙣𝙨 𝙓𝙍𝙋 𝙋𝙧𝙞𝙘𝙚 𝙈𝙖𝙮 𝙎𝙪𝙧𝙜𝙚 𝙩𝙤 $2.60 𝙎𝙤𝙤𝙣

XRP price has gained slightly by 0.1% in the last 24 hours to trade at $2.26 today, July 8, with more than $4.73 billion worth of daily trading volumes. The sluggish performance mirrors that of the broader cryptocurrency market, but four signs have emerged to suggest that the Ripple price may set itself apart and rally to $2.60 soon.

Several signs have emerged to suggest that the price of XRP is about to undergo a major rally, and it could reach the multi-month high of $2.60 soon. These signs include:

.A looming bullish breakout from an ascending triangle pattern

.Surging open interest

.Whales are aggressively buying XRP tokens

.Ripple’s pursuit of a banking license and RLUSD growth

The XRP price has created an ascending triangle pattern that often implies that it is about to break out to the upper side if there is an increase in buying activity.

If the Ripple price can break out above the resistance level of $2.29 and later retest it as a strong support level, it might rally by 15.31% to $2.64.

Whales are also speculating that the XRP price is going to rally higher, and this is seen in the increase in the amount of tokens that these large addresses are buying. One of the cohorts that is aggressively buying is those holding between 100 million and 1 billion coins, who have seen their holdings grow from 7.6 billion to 8.59 billion.

At the same time, the whales holding between 100,000 and 1 million coins have bought 30 million coins in the last two weeks, which may indicate that these addresses are currently held up in an accumulation phase

In summary, the XRP price might be on the verge of a rally, and the first telltale sign that a rally to $2.60 is in the making is the ascending triangle. Other supporting factors, including the increasing open interest and whale activity, might also influence the recovery.