XRP Price Rally Predicted as Analysts Look to Stablecoin Offerings

XRP's price has been stuck in a sideways trend over the past four weeks, with low volatility and weak demand. However, analysts believe that this could be a precursor to a rally.

A prediction from EGRAG Crypto suggests that XRP could reach $2.20 if it closes above its 200-day moving average and above $1.55. This would represent a 56% bounce back from the current price level. However, Polymarket data shows only a 3% probability of this outcome.

Despite the low probability of reaching $2.20, XRP's liquidity has dropped to multi-year lows on Binance, which could signal a bullish comeback once trading volumes start rising. Large-order book data also suggest that whales are positioning for an upside move, with over $2.6 million in net spot buys across major exchanges.

The higher allocation of XRP ETFs over the last two days may also indicate that whales are scooping up more XRP while it's still cheap. If this trend continues, it could provide a solid base for a sizable XRP price bounce.