Layer Brett Presale Raises $4.78M Echoing Early XRP Growth

XRP has displayed notable price movements reminiscent of its earlier cycles, with analysts drawing parallels to its surge from $0.01 to above $3, driven by institutional interest and infrastructure solutions for banking inefficiencies. Recent developments, including the launch of the Rex Osprey XRP ETF and Ripple's partnerships, have contributed to renewed investor optimism and price predictions suggesting potential growth above $3.40 by the end of 2025. Some market pundits argue that XRP is entering a new mega cycle, with breakout patterns similar to those before its previous major rallies, forecasting a possible climb to $10. However, despite these bullish signals, XRP faces a shift from a neutral to bearish trend, marked by a lower high and declining volume, indicating that the asset may enter a midterm bear market phase if it breaks below the $3.00 support level. Market data showing recent liquidations and negative funding rates further support the bearish outlook, with the possibility of a deeper decline unless significant buying momentum returns. Overall, XRP's near-term trajectory remains uncertain, balancing between promising technical setups and emerging bearish market pressures.