XRP News Today: Amonyx Predicts XRP Giga Pump Amid Bullish Signals

Amonyx, a well-known crypto analyst, has sparked significant excitement in the crypto community with a recent post on X, declaring a "confirmed giga pump" for XRP. This assertion has ignited intense discussions, as it comes at a time when multiple market indicators appear to favor XRP.

Amonyx is recognized for making sharp, often contrarian market calls, backed by technical insights and sentiment analysis. His recent post, which was brief but emphatic, suggests that certain catalysts or conditions have aligned to trigger a massive price surge for XRP. This statement arrives during a period of heightened optimism among XRP traders and long-term holders. Sentiment analysis tools have detected a notable rise in XRP-related social activity, reflecting increased market interest. Derivatives markets are also showing a spike in open interest, suggesting growing speculative positions. These signs often indicate that traders are preparing for significant volatility, typically upward when combined with bullish sentiment.

Several technical signals support the notion of a potential XRP surge. Analysts have observed a multi-month symmetrical triangle pattern on the XRP/USD daily chart, a formation that typically resolves in a powerful breakout. XRP’s price is currently testing the triangle’s upper resistance line, accompanied by increasing volume, a classic setup for a potential breakout. Additionally, XRP’s Relative Strength Index (RSI) has been hovering just below overbought territory, indicating room for further upside before entering correction zones. Moving averages, especially the 50-day and 200-day simple moving averages (SMAs), show bullish crossovers, reinforcing the case for a sustained upward trend. These alignments suggest that XRP is coiling for a major rally, making Amonyx’s confidence all the more notable.

Beyond technicals and sentiment, there are broader, fundamental catalysts fueling the bullish outlook for XRP. Ripple, the company closely associated with XRP, has been making significant progress in regulatory clarity and institutional adoption. Most notably, Ripple’s ongoing legal saga with the U.S. Securities and Exchange Commission (SEC) appears to be approaching its endgame. The market broadly anticipates that Ripple will emerge from this chapter stronger, with legal clarity paving the way for expanded U.S. operations and institutional partnerships. Globally, Ripple has been expanding its presence in cross-border payment corridors, with a focus on Asia, the Middle East, and Latin America, where demand for faster and more affordable transactions is high. As Ripple’s network scales, the utility and demand for XRP as a bridge asset could drive significant long-term valuation growth.