XRP’s 256-Day Pause: Why Resilience Could Be Rewarded
Technical analyst XRPunkie notes that XRP has been locked in a 256-day sideways range, a rare stretch that can precede explosive moves.
After testing investor patience, this prolonged consolidation could now be priming XRP for a decisive breakout, with XRPunkie eyeing a bold $10–$15 target.
Taking on X, formerly Twitter, the analyst noted, “XRP has been in the sideways range for the last 256 days. If you've been sitting throughout the last 8.5 months, didn't panic sell & totally unfazed, You definitely deserve to make money. We should be commencing our next leg up soon. $10-$15.”
Extended consolidations compress volatility and tighten trading ranges, setting the stage for explosive breakouts as stops thin and conviction builds.
XRP’s 256-day pause is long enough to draw interest from both long-term funds and agile traders poised for confirmation.
Therefore, XRPunkie’s $10–$15 target signals a multi-fold surge, a feat that would demand strong market confidence, favorable macro conditions, and substantial capital inflows.
Meanwhile, Renowned market analyst Ali Martinez recently acknowledged that XRP’s multi-year symmetrical triangle breakout in November 2024 can pave the way for a potential run to $12.60.
At the time of this writing, XRP was trading at the psychological price of $3.10, according to CoinGecko data.
XRP’s Explosive Surge in South Korea
Market analyst X Finance Bull is igniting buzz across the crypto sphere, “BOOM! $XRP is exploding in South Korea. Upbit just pumped $400 million in XRP volume in 12 hours, blowing past Binance. When Asia starts the party… the rest of the world FOMOs in.”
While such fiery proclamations often lean on social media bravado, the underlying narrative is unmistakable that a significant surge in XRP trading activity spearheaded by Seoul-based exchange Upbit is stoking investor excitement and intriguing broader markets too.
Why South Korea Matters
South Korea’s crypto market, driven by an active retail base, reacts swiftly to price signals. When top exchange Upbit posts $400M in XRP volume over 12 hours, it signals surging demand, intense speculation, and strong potential for continued momentum.
Upbit recently witnessed a $61 million XRP transfer, triggering a crypto frenzy.
On the other hand, X Finance Bull highlights Upbit “blowing past Binance,” framing a story of regional strength challenging global dominance.
While Binance leads globally, Upbit’s sudden volume surge shows local trends, shaped by culture, regulation, and sentiment, can temporarily outpace the giants.
Conclusion
X Finance Bull underscores the market’s focus on regional catalysts. South Korea often sets trends, and XRP’s $400M 12-hour surge on Upbit reflects strong local demand with potential global ripple effects.
On the other hand, having endured a 256-day sideways storm, it remains to be seen whether XRP will witness a move toward the $10-$15 range.
