This $12 forecast is being backed by previous cycle trends and increasing interest on the retail and institutional level. With the XRP price going through the same conditions, the altcoin could be poised to enter a new phase of growth.
Cheeky Crypto has drawn attention to historic data which suggests that this specific level is a critical one in the altcoin’s path, hitting it just twice before. During the periods, the price experienced massive moves of up to 65,000%, making the current market positioning a crucial one.
The expert has also highlighted the notable rise in adoption among industry-leading firms. While retail investors focus on red candles, institutional giants such as Goldman Sachs are interacting with XRP as they quietly move pieces of the token to their portfolio.
What Matters Is The Volume, Not The PriceThe chart shared by the expert shows a massive increase in volume, which supported the price move from $1.42 to $1.47+. XRP broke above the $1.40 mark with a 32% rise in 24-hour trading volume. This move underscores a clear context that the CLARITY Act is on the horizon, and traders are front-running the catalyst.
