XRP is currently attracting significant attention as market expert Chad Steingraber shares his insights on the cryptocurrency’s future price movements. According to Steingraber, the ETF market has a crucial role in driving XRP’s price up over the next few months. He explains that XRP tends to see a consistent rise of $0.10 to $0.20 during ETF trading hours, improving the performance of XRP ETFs.
After the trading session ends, the price often flattens or drops slightly, but it sets up for another increase the next day. This pattern, he explains, would create the foundation for a much larger price explosion as momentum builds over time.
How the Pattern Is Building Momentum for a Major Surge
XRP’s price chart today highlights this pattern, showing a steady increase from $2.05 to $2.2850 earlier. Following this surge, XRP is now consolidating in a typical after-hours trend, with volume dropping. The price is hovering near key moving averages (MA5 at $2.2506 and MA10 at $2.2462), signaling consolidation.
The MACD histogram is also showing growing bullish momentum, confirming the ongoing trend. As Steingraber predicted, XRP appears to be in a pause before the next upward move, continuing to build momentum for a larger rally.
Market Conditions Set XRP Up for a Big Breakout
The current market conditions further support Steingraber’s analysis. Open interest is stable, hovering around 230 million, suggesting that traders remain confident in XRP’s potential. Additionally, only a small number of long positions have been liquidated, keeping the market in a healthy state.
With solid technical indicators and steady market participation, XRP is set for a possible breakout. As the ETF-driven trading pattern continues, XRP could see a significant price surge in the coming months, in line with Steingraber’s prediction.