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XRP poised for major move after prolonged sideways trading, analyst says

May 06, 2026, 8:16 AM
XRP could soon experience significant volatility after trading sideways for approximately three months, according to one analyst. Crypto analyst Dom stated on X that XRP has been in a prolonged period of range-bound movement within a key price zone, suggesting a directional move is likely in the near future, U.Today reported. He explained that a strong upward trend could develop if XRP successfully secures a position above $1.47. However, Dom added that this would require a broader market bull run, noting that XRP's momentum could improve if Bitcoin (BTC) manages to break through its $82,000 resistance level.

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