Ripple Price Outlook: How Are XRP Bulls and Bears Positioning Themselves?

Analysts suggest that XRP's price may be preparing for a breakout on higher time frames. However, Ripple's price seems to be cooling off on the daily time frame before the next move, with bullish investors beginning to position themselves.

Based on bullish volume profiles (green), bullish investors are waiting for an opportunity to interact with Ripple's price right above the demand zone between $2.9611 and $2.7354. This means that the downtrend may continue by an additional 5% to 7% before a potential reversal.

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