Is XRP Ready for a Breakout Following Significant SEC Case Update?

risk.Fundamentals Hint at a Possible XRP BreakoutIn addition to the reserve and SEC case news, several other fundamentals are expected to trigger a breakout for XRP prices.For Starters, derivative traders continue to drive up buy pressure for the altcoin ahead of the next options expiry date in March. 28.According to Deribit, many XRP investors are buying ‘in the money’ call options, which means they expect XRP to be worth more a week from today.Secondly, Ripple has committed to reducing XRP sales in the near future. You probably already know that Ripple Labs owns close to 42% of all the XRP coins in circulation. The imbalanced tokenomics have seen institutional investors shy away from the altcoin as Ripple Labs has an unfair advantage over control of XRP prices. The commitment may help draw in institutional investors who add to Ripple’s buy pressure.Over the longer term, a recovering crypto market and approval of Ripple ETFs will play a key role in driving up XRP prices. We, nevertheless, remain bullish about XRP’s price and expect it to peak at around $4.41 by year-end.The easiest way to buy XRP is through a trusted crypto exchange like eToro, Coinbase, or Uphold. These platforms allow users to purchase and trade XRP instantly from any device, including smartphones, tablets, and computers.
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Sam Ralph
Sam Ralph is a financial writer and researcher with over 10 years of market experience. Specializing in tracker funds and cryptocurrency, he combines disciplined research with actionable insights, helping investors navigate markets confidently. Sam’s expertise simplifies complex financial topics, empowering readers to make informed investment decisions.