XRP Might Be Getting Ready for a Nearly 300% Price Rise, Here's Why

bulls have been pushing hard over the last few days, allowing the token to break above a crucial resistance. This latest breakout could be a gamechanger for XRP, as it might be getting ready for a nearly 300% price rise in the coming days.

XRP’s price might be gearing up for a nearly 300% surge in the coming days, as per a recent tweet by Captain Faibik. The token’s latest breakout from a crucial resistance could be a gamechanger for XRP.

After remaining bearish throughout the last week, XRP recently gained bullish momentum and pushed its price up by more than 2% in the last 24 hours. This price surge also caught the attention of Captain Faibik, whose recent tweet highlighted XRP’s potential for a 300% price hike.

Captain Faibik’s tweet also mentioned that this latest development could result in XRP registering a nearly 300% price hike in the coming weeks or months. However, since the 300% target seemed a bit too ambitious in the near term, the tweet also mentioned that the midterm target could be $2.3.

AMBCrypto then checked XRP’s on-chain data to find out the odds of it touching $2.3 in the coming days. As per our analysis of Santiment’s data, the token’s trading volume increased sharply along with its price.

Whenever this happens, it indicates that the chances of the on-going bullish price trend continuing are high. In fact, investors were also confident in the token. This was evident from the spike in XRP’s exchange outflow, meaning that buying pressure on it was high. Generally, high buying pressure results in price upticks.

Our analysis of Hyblock Capital’s data revealed that XRP’s whale vs. retail delta fell from more than 90 to 81, indicating that retail investors were increasing their exposure in the market compared to whales.