#noticiascrioto 🚨🔥Is the price of XRP ready to surpass Bitcoin? Bullish indicators signal a breakout towards $35+
XRP is making headlines again as analysts begin to question whether it could finally surpass Bitcoin. With strong technical indicators, increasing trading volumes, and renewed institutional interest, XRP is showing significant bullish signs.
The speculation around a potential XRP ETF and Ripple's expanding global use case has added fuel to the fire. Could XRP be gearing up for a breakout towards the $35 mark? Here’s what we know.
Institutional interest grows as XRP aims for $35
The news about XRP is making noise once again and this time, the breakout feels different. The price jumped almost 12% in 24 hours, settling at $2.85 after grazing a high of $2.97. That places the token within reach of the elusive $3 mark, which it hasn't touched since 2018. With a market capitalization now above $170 billion, XRP has risen back to the top four, capturing the attention of traders betting on a much-anticipated rally.
Bullish indicators are rapidly accumulating. The price of XRP has surpassed the key resistance at $2.60, remaining above all major EMAs, while its RSI is positioned in overbought territory at 81.05, a classic setup for an explosive follow-through. Volume is surging in spot and derivatives markets, and Coinglass reports that open interest is rising to $7.2 billion. Whales are also showing their strength, reportedly sitting on $3.8 billion in XRP.