Ethereum

According to the latest analysis by on-chain analytic platform Santiment, the trader sentiment closely mirrored recent price movements, with XRP at the forefront of the market’s bullish narratives.

An expert’s analysis suggests that XRP could potentially be on the brink of a “historic breakout,” with the potential to set a new precedent in the market. In a tweet, pseudonymous crypto trader Crypto Michael noted that XRP has been forming a bullish pennant pattern for a staggering seven years. This phenomenon is rarely seen, and such an extended consolidation period could lead to a significant breakout.

Another crypto analyst observed a crucial moment for XRP, noting that it has broken the Relative Strength Index (RSI) resistance level, a key indicator that previously initiated an explosive rally in 2017. This technical breakout also suggests that the crypto asset could be poised for another significant upward movement.