Why is XRP Preparing for a Explosive Week

This week is attracting special attention from cryptocurrency investors as multiple important signals appear simultaneously, potentially creating a significant boost for XRP. According to expert Bird, this could be a pivotal moment for this altcoin. Factors Making This Week Stand Out In a post on social media X, Bird stated that the Russell 2000 index just hit a new all-time high. According to his statistics, every time the Russell 2000 reached a new peak in the past, XRP entered a strong growth cycle afterward. Additionally, the market is awaiting a series of important US macroeconomic data, including CPI and PPI. These inflation indicators could cause significant volatility in the financial markets in general and crypto markets in particular. Especially, the CLARITY bill – a legislation on the structure of the cryptocurrency market – is expected to be discussed this week. If passed, the bill could provide a clearer legal framework for XRP and many other digital assets, facilitating Ripple’s operations in the US. Bird believes that when technical and macroeconomic factors converge, XRP could break out. He estimates that if the price surpasses $2.70, XRP could quickly reach a new all-time high. Conversely, if that does not happen, the market might be manipulated, as he argues XRP should be rallying strongly in the current context. Short-Term Forecast: XRP Could Reach $2.26 Meanwhile, analyst CasiTrades predicts XRP could rise to around $2.26 in the short term to complete a correction wave. She considers this a crucial phase that will determine the market’s next trend. If XRP fails to sustain its recovery and continues to move in a correction trend, the price could face strong downward pressure, even returning to the support zone of $1.65. However, if XRP surpasses the $2.41 mark and turns this zone into new support, the deep decline scenario will be invalidated. Mid-Term Outlook Earlier this year, XRP surged to around $2.3 but then corrected back. Nevertheless, since the beginning of the year, this coin has still increased by over 10%. With the CLARITY bill potentially passing soon, XRP is expected to be one of the biggest beneficiaries, driven by Ripple’s activities and expanded market acceptance. Currently, XRP is trading around $2.06. With a series of important factors emerging, many investors believe this week could be a major turning point, opening a new growth cycle for XRP.