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Scott Melker, one of the most prominent traders, has joined the list of market analysts who believe that the XRP cryptocurrency could be on the cusp of another major rally.&nbsp;
"Have not looked at this chart in ages, but it is in a REALLY interesting spot here. 4th touch of descending resistance here on the weekly. Rejection likely, but a breakout has this flying... worth watching, regardless of your feelings towards the token," Melker <a href="https://x.com/scottmelker/status/1818646062644474020">said</a> in a post on the X social media network. &nbsp;&nbsp;
As <a href="https://u.today/xrp-might-overshadow-bitcoin-with-explosive-squeeze">reported by U.Today</a>, the XRP cryptocurrency could be on the cusp of a potential Bollinger squeeze after a period of low volatility.
Moreover, recent analysis suggests that the Ripple-affiliated cryptocurrency could also continue gaining ground against Bitcoin.&nbsp;
According to CoinGecko <a href="https://www.coingecko.com/">data</a>, XRP is up 3.3% over the last week, outperforming other cryptocurrencies within the top 10. &nbsp; &nbsp;&nbsp;

Top Trader Predicts XRP Could Be on Cusp of Huge Breakout

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