XRP Expectation: Consolidation or Price Jump?

The similarities with the historical price trend raise the question of whether XRP is once again on the verge of an explosive rise towards 8 dollars. Or will the currency remain in a phase of consolidation for the time being?

From a technical perspective, there are increasing signs of an upward movement. Nevertheless, analysts are divided on the further price trajectory. Much will depend on external factors such as overall market sentiment, macroeconomic developments, and new regulations.