Is a Massive XRP Move Coming? Futures Say Yes, Charts Say “Any Minute Now” (XRP Price Prediction)

XRP (XRP) has dipped by 1% over the past week, consolidating below $2.60 — but rising futures activity could change that soon, raising bullish XRP price prediction hopes.

Trading volumes in the past 24 hours have gone up slightly by 8.4% and currently stand at $2.2 billion as Bitcoin (BTC) seems determined to retest its latest all-time high of nearly $112,000.

Even though the token’s price action has been relatively calm, the futures market has been quite active, according to data from CoinGlass .

Open interest in XRP futures across top exchanges have increased since May 7 from $3.6 billion to $4.8 billion – a 29.7% increase in less than a month. However, during this period, the price has gone up by just 8.5% from $2.13 to $2.31.

XRP Price Prediction: XRP Could Drop to $2 Before Rising to a New All-Time High

XRP’s daily chart shows that the price has broken its bullish structure and has already retested this former support from below.

This is a bearish indication in the near term but not necessarily a sign of an impending collapse as the market needs to raise liquidity for the next leg up.

The 200-day exponential moving average (EMA) seems like the most plausible landing zone for XRP as it coincides with a key psychological level at $2 per token.

It is highly likely that bears will push the price to this threshold to unlock additional liquidity in the next few days to catalyze a pronounced move.

In bull markets, short squeezes tend to be one of the most effective ways to propel the price of an asset higher. Hence, a break below $2 could be what the token needs to recapture buyers’ interest and support a bullish XRP price prediction to $3 at least.

Patient investors and traders will benefit the most if they wait for the best entry, which is probably the $2 level.

In the mean time, as Bitcoin reaches $110,000, the first milestone of a crypto presale called BTC Bull Token (BTCBULL) could soon be hit and, with it, an attractive reward for token holders will be unlocked.

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BTC Bull Token (BTCBULL) is an innovative meme coin presale that introduces a reward mechanism tied to the performance of the top crypto – Bitcoin.

Rewards are distributed to token holders every time that BTC reaches a new price milestone, the first of which sits at $125,000.

Once the price gets to that level, a portion of BTCBULL’s circulating supply will be burned. This will foster scarcity and should result in an immediate uptick in its price.

Next up, once the price reaches $125K, token holders will receive a direct airdrop of Bitcoin tokens. This system repeats every time that BTC adds $25,000 more to its price, starting at a baseline of $100K.

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