The long awaited XRP pullback
2024-12-11
Category: None

Hello, traders!

I’ve got some great news. From now on, I’ll be reviewing coins that my readers are most interested in — specifically, the most popular and trending ones in this cycle. And the first one on the list is XRP.

Considering BTC's ambitious targets for 2025 and the potential for significant regulatory shifts, XRP is just beginning its journey...

The price has found support at the $1.9 level, forming a zigzag correction. The retracement targets have been met, and XRP could continue reaching new all-time highs. However, due to the overall market weakness, the risk of a double zigzag remains. Given this, it’s reasonable to start building a position with the possibility of averaging down in case the price revisits local lows.

Recent News --> Following the bull run triggered by news of SEC Chairman Gary Gensler's potential resignation, we’ve received fresh updates about the New York regulator approving Ripple's stablecoin, RLUSD. Ripple CEO Brad Garlinghouse confirmed the development today, adding that the company will soon announce exchange listings and partnerships for the asset.

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