Breaking the 70-Day Sideways Range: Why May Could Propel
$XRP to $2.03 ๐๐
$XRP is testing investor patience, holding steady near $1.40, but technical indicators suggest a massive breakout is brewing. ๐ After 70 days of consolidation, the monthly Bollinger Bands middle line sits at $2.03 - the key "waterline" separating stagnation from a global bull trend.
To reach this, a 45% move is required, which aligns with the historical May average return of 23.4% and the potential adoption of the CLARITY Act.
While the daily chart shows XRP stuck near the lower channel, the accumulation phase is reaching its limit. ๐ก If the $1.50 resistance breaks this week, the historical norm could be revised toward a more aggressive "rocket" scenario.
Institutional interest is already there: April saw record XRP ETF inflows of $81.63M. The stage is set for a major liquidity rotation once the legislative fog clears. ๐