- The XRP community is optimistic that the cryptocurrency’s overall trajectory is upward.
- Concerns among XRP users revolve around the timing of a much-expected price rally.
- XRP is stalling around the $1.36 price region despite heightened expectations among users.
The XRP community remains optimistic about a major rally, even though the price is moving sideways. XRP has been stuck near the $1.36 level, and many holders believe a strong breakout is coming.
However, frustration is growing as the expected move keeps getting delayed, with traders calling it a long accumulation phase.
Impressive Metrics Boost XRP’s Bullish Sentiment
Some XRP supporters have openly expressed impatience. Analyst Chad Steingraber said he expects XRP to reach much higher levels, but added that he has “had enough,” reflecting the mood among many investors waiting for momentum.
Despite the slow price action, key metrics remain strong. XRP continues to record daily trading volume above $2.4 billion. However, the token is still down more than 40% from its January high near $2.40. This gap between strong activity and weak price movement has strengthened the view that XRP is still accumulating before a breakout.
Meanwhile, traders are watching institutional flows and rising XRPL activity as signs of growing demand. Most participants are now focused on the $1.43 resistance level, which could determine whether XRP starts its next rally.
Several traders highlighted bullish chart structures forming on shorter timeframes. One analyst pointed to a potential bullish flag breakout, suggesting XRP could move toward the $5 region if momentum builds.
Others expect a final dip before the rally. Some projections suggest XRP could briefly fall toward $1 before a stronger recovery.
As of now, XRP traded around $1.34, continuing a consolidation phase that began in early February. While sentiment remains bullish, traders are increasingly focused on when the breakout will actually begin.
Related: XRP Vs BNB: A Fierce Competition for the Fourth Spot on CoinMarketCap
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Source: https://coinedition.com/xrp-community-frustrated-as-price-stalls-despite-growing-bullish-signals/
