Similar to my analysis of BTC, XRP has been moving in the same compressed way since December highs, and a breakout looks imminent. Technicals aside, fundamental explanations for a bullish outlook include:
- Santander's introduction of OnePay FX that is powered by Ripple technology
- SBI's BANK-backed exchange is now live, with XRP being the first currency traded
- XRP is favoured and being adopted by many financial institutions and banks due to its rapid transaction speeds that optimise institutional efficiency.

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