XRP’s price (XRP-USD) cleared $1.45 on May 12 with a 222% volume surge after four failed attempts at the same price level. This breakout happened signals that the token is ready for a major move higher. Traders saw a giant jump in activity crypto">as large investors stepped in to buy, pushing the price past a wall that had held it back for weeks. Experts believe this change in momentum could act as a catalyst to take XRP’s price as high as $4 by the end of the year.
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XRP Smashes a Major Price Wall
XRP finally broke through a difficult price level that has been a problem since earlier this year. For weeks, the price was squeezing into a tighter and tighter range, often called a triangle pattern. Every time the price tried to go up, it was pushed back down by sellers. This time is different because XRP’s price held its ground above $1.45 even after the initial jump. This stability suggests that the buyers are now in control and are ready to push the value toward the $2 mark.
Bird Compares the Setup to Famous Coin Rallies
A well-known analyst named Bird believes this move looks exactly like the ones that sent other tokens like TON (TONCOIN-USD) and ONDO (ONDO-USD) to record highs. Bird recently shared on social media that “Both broke out hard,” and added that “XRP is next.” The analyst points out that when a coin stays in a tight range for a long time and then breaks out on high volume, the resulting rally is usually very powerful. If XRP follows the same path as those previous winners, it could see a 100% gain very quickly.
CLARITY Act Determines the Path to $4
While the charts suggest a move to $2 is likely, reaching the $4 goal depends on a major event happening this week. The CLARITY Act is set for a vote on May 14, and this bill is the key to bringing big banks and institutional money into the market.
If the law passes, it could lead to billions of dollars flowing into the token through new investment funds. This massive influx of new cash would provide the energy needed to push XRP’s price far beyond what anyone expected just a few weeks ago.
At the time of writing, XRP’s price is sitting at $1.4486.
