XRP’s Undervalued Potential: Analyst Predicts Major Rally Ahead
Crypto analyst Pumpius argues that XRP remains significantly undervalued at its current price of $2.21, drawing parallels to its historic 2017 surge. With evolving utility and institutional adoption, XRP could be poised for another major breakout.
Analyst Claims XRP Remains Undervalued at $2.21, Citing 2017 Rally Parallels
XRP’s current price of $2.21 fails to reflect its fundamental potential, according to crypto analyst Pumpius. Drawing comparisons to its 2017 surge from $0.005 to $3.84—when it briefly eclipsed Ethereum’s market capitalization—the analyst suggests the asset remains dormant despite recent gains.
Market participants appear to be underestimating XRP’s evolving utility and institutional adoption trajectory. The 2017 rally demonstrated the asset’s capacity for exponential growth when market conditions align with its underlying technology developments.
XRP Faces Resistance at $2.30 as Market Adopts ’Wait and See’ Approach
XRP’s bullish momentum hit a wall at the $2.30 resistance level, a key 50% retracement threshold that triggered liquidations among overleveraged longs. The rejection coincides with a curious divergence: while whale holdings reach record highs and Binance traders maintain net-long positions, on-chain activity paints a more cautious picture.
New address creation has declined steadily since December, and exchange outflows have dwindled compared to January’s accumulation frenzy. This suggests institutional players are positioning for Ripple’s impending legal resolution with the SEC rather than chasing short-term gains.
The liquidation heatmap reveals concentrated bearish pressure NEAR current price levels, creating headwinds for another immediate push upward. Market participants appear to be hedging their bets—building strategic positions without the frothy enthusiasm typical of crypto bull markets.
Flare Integrates with Kraken to Transform Stablecoin Transfers and XRPfi Adoption
Flare Network’s omnichain stablecoin USD₮₀ has been integrated by Kraken, marking a significant step in streamlining stablecoin transfers. The 1:1 USDT-backed asset leverages LayerZero’s OFT standard, enabling direct on/off-ramp functionality without bridges or third-party intermediaries.
Kraken users can now withdraw USDT as USD₮₀ directly to Flare wallets, enhancing liquidity and reducing technical barriers in DeFi. This aligns with Flare’s broader vision of frictionless cross-chain interoperability.
The integration coincides with surging TVL metrics on Flare and accelerated adoption of XRPfi solutions, though the announcement was truncated before revealing specific figures.
XRP Price Prediction: Whale Activity Signals Potential $10 Breakout
XRP dipped 2% to $2.14 amid a broader crypto market pullback, but whale movements hint at strategic positioning rather than panic selling. A single transfer of 29.5 million XRP ($64.4M) to Coinbase—typically interpreted as bearish—may instead reflect accumulation ahead of a major rally.
Historical chart patterns suggest XRP is replicating formations that preceded explosive gains in previous cycles. Market sentiment appears to be shifting despite superficial volatility, with large holders potentially front-running retail investors.
XRP Faces Bearish Pressure as Technical Indicators Signal Potential Decline Below $2
XRP’s market outlook turns increasingly bearish as key technical indicators flash warning signals. The cryptocurrency’s Relative Strength Index (RSI) plummeted to 36.97 from 49.68 within a day, approaching oversold territory. This momentum shift coincides with a fully bearish Ichimoku Cloud configuration and an impending death cross in the EMA lines.
Traders are watching critical support levels as sentiment weakens. The RSI’s sharp decline suggests waning buying pressure, with the indicator now nearing levels that historically precede potential reversals. Market participants await either buyer intervention or confirmation of continued downward momentum.
Technical analysts note that RSI readings below 30 typically indicate oversold conditions, while levels above 70 suggest overbought territory. XRP’s current trajectory places it firmly in bearish alignment, with the $2 support level now appearing vulnerable.
XRP Derivatives Surge Signals Bullish Market Momentum
XRP derivatives trading volume spiked 62.99% to $4.52 billion in 24 hours, signaling heightened speculative interest. The surge comes alongside a 65.06% jump in options activity, though open interest dipped marginally by 0.3%.
Market participants are positioning for potential upside as the long-to-short ratio skews bullish on major exchanges. The options market tells a clearer story—open positions grew 24.48% to $763,030, reflecting mounting bets on XRP’s next directional move.
