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XRP has broken out of a 7-year consolidation phase against Bitcoin, sparking comparisons to its 2017 rally. With Ripple nearing a settlement with the SEC and ETF speculation intensifying, the market is buzzing about XRP’s potential to flip ETH. Whale activity and on-chain signals further fuel bullish momentum.
- XRP/BTC breaks 7-year consolidation, testing 2017 resistance levels at 0.00019-0.00023 BTC.
- Ripple's SEC fine reduced to $50M; institutional sales injunction lifted as final settlement looms in August.
- On-chain data shows whale accumulation (60M XRP in 24 hours) and NVT ratio at multi-month lows, historically preceding rallies.
📎 Related coverage from: cryptopotato.com