XRP Price Prediction: Price Compression and Higher ETF Approval Odds Could Propel XRP to $4

XRP trading volumes have doubled in the past 24 hours. Although the price action has not reacted as expected yet, something could be brewing as bulls could be accumulating tokens at these low prices in anticipation of the token’s next leg up.

Yesterday, the market reacted quite positively to the approval of the first Solana exchange-traded fund (ETF) in the United States.

This could be a pivotal moment for altcoins that favors a bullish XRP price prediction as this token’s price action shows signs of significant compression, which often anticipates an upcoming breakout.

The REX-Osprey SOL + Staking ETF (SSK) is expected to hit the trading floor on Wednesday and, as a result, Bloomberg has raised the odds that an XRP ETF will be approved this year to close-to-sure-thing 95%.

As John Squire emphasized, this is a true comeback story as Ripple, once battered by the SEC’s aggressive push against crypto adoption, has emerged victorious from its legal battles and has a clear runway to further expand its ecosystem.

XRP Price Prediction: Weekly Flag Pattern Favors Bullish Outlook

In the past few months, XRP has faced significant price compression, meaning that the price action has been confined to a narrow range.

This typically indicates that the market is in a stage of accumulation where volatility is kept in check as deep-pocketed investors progressively amass large amounts of the asset ahead of its next bull run.

On a weekly time frame, we can see how a bull flag pattern has been forming since the beginning of December.

The price action is now approaching the upper bound of this technical setup for a third time and bulls could try to push the price higher to tap on the liquidity that lies above the $3 mark.

A plausible XRP price prediction if a bullish breakout is confirmed would set the next target at $4.

We can see that momentum readings have been stalled for a while, also indicative of an ongoing consolidation, while the 9-week and 21-week EMAs have experienced compression as well and currently sit above each other.

All of these signs point to a phase of accumulation unfolding. So, buckle up, the next move for XRP could be explosive.

As the market braces for a wave of crypto ETF launches, the most promising crypto presales like Bitcoin Hyper (HYPER) will attract significant interest from top investors and could deliver high returns to early buyers.

Bitcoin Hyper (HYPER) Nears $2M Raised In Less than 45 Days

Bitcoin Hyper (HYPER) is a new layer-2 side chain that aims to unlock the untapped potential of BTCFi.

Through a Solana-based bridge, BTC holders can now safely earn yield, stake, and lend their tokens without leaving the Bitcoin network.

The L2 is designed to receive BTC in a Bitcoin wallet that is monitored 24/7. Through a smart contract powered by the Solana Virtual Machine, BTC tokens are automatically minted on the Bitcoin Hyper L2 and can be used across its multiple DeFi apps.

Analysts expect that $HYPER’s demand will skyrocket once the L2 starts to gain popularity within the Bitcoin community.

To buy $HYPER at its discounted presale price and position yourself to reap the highest returns once this project is launched, head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet).

You can either swap USDT or ETH or use a bank card to invest.

Alejandro Ar