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Ripple’s bullish pennant breakout: Can XRP repeat its 470% rally?

XRP’s SUPER Trend Indicator recently turned bullish, typically marking periods of strong price increases. In fact, the last similar shift saw XRP’s value rise by 470%. Such trends suggest potential price hikes, aligning with the current market sentiment towards altcoins, particularly as the last bullish pennant breakout indicates sustained upward Movement.

Increased altcoin net inflow into exchanges supports a bullish framework for XRP, revealing heightened investor activity. This intensifying trend may lead to notable market changes. Coinglass highlights a significant XRP liquidation pool near the 2.47 USD mark, potentially attracting price action. Overall, such dynamics offer promising but cautious prospects for XRP.

This is community-generated content, not advice from ONUS.
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