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XRP Eyes Major Move with 70% Upside Odds and Network Growth Backing
XRP trades within a descending channel with a 70–80% probability of breaking upward, signaling strong bullish momentum ahead.
XRP Ledger accounts grew from 4.25M to 7.04M since 2022, showing network adoption even during volatile market conditions.
Technical compression near support and rising address growth suggest XRP may soon break resistance and spark a major price move.
XRP stands at a turning point as technical indicators point toward an imminent breakout. A descending channel formation outlines a high-probability setup. Analyst EGRAG Crypto assigns a 70–80% chance of an upside move. The downside risk remains lower at 20–30%. This pattern builds pressure for a strong reaction. A breakout could be triggered by fundamental news, which is likely to arrive soon.
The channel displays consistent upper resistance and lower support, both trending downward in parallel. Price action respects these boundaries with precision. Each bounce off support signals strong buyer presence, while resistance continues to push back. However, the multiple rejections have not weakened the underlying bullish structure. Consequently, upward momentum appears more probable.
Source: Egrag Crypto
Moreover, the descending channel pattern often develops during consolidation phases. This adds weight to a potential bullish reversal. Technical indicators also suggest energy is building near the support line. This compression typically precedes explosive movements. Volume and momentum indicators, when confirmed, may validate the breakout direction.
Besides technical strength, fundamental growth supports XRP’s case. Analyst STETH IS CRYPTO reveals that XRP Ledger addresses surged from 4.25 million to 7.04 million between July 2022 and April 2025. This 65% increase marks steady network adoption. Notably, the growth continued even during price volatility.
Network Resilience Strengthens Market Outlook
The XRP network maintained steady address creation throughout bearish periods. This demonstrates utility beyond speculative trading. From October 2024 to April 2025, account growth added 1.5 million new addresses. This surge coincided with XRP's rally from $0.50 to over $2.30.
However, the correlation between price and address growth appears mixed. Address growth showed resilience even during downturns. Hence, XRP's long-term fundamentals remain strong. This aligns with the technical signals hinting at an upcoming shift in momentum.
Source: STEPH IS CRYPTO
The descending channel offers clear technical boundaries. These allow for precise stop-loss and profit target planning. Traders now closely monitor these levels. Breakouts from such setups often lead to high momentum moves. Additionally, the current structure presents a key decision point for XRP.
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