XRP Order Book Imbalance Suggests Potential Breakout

The cryptocurrency market has been experiencing a significant surge in recent times, with Stellar (XLM) seeing a 40% increase in value over the past week. Now, analysts are turning their attention to Ripple (XRP), wondering if it could be next to experience a similar breakout.

According to analyst Kevin Cage, XRP has been range-bound for months while XLM broke out after months of sideways trading. This pattern is causing some to speculate that XRP could follow suit and make a move towards the $1.76 to $2 range by June.