#XRP. THE GROWTH STORY WILL CONTINUE! REVIEW FROM 17.01.2025
2025-01-17
Category: None

BINANCE:XRPUSDT  
#XRP 8h

Hey lovelies! 🌸  

XRP is making waves, breaking into the top-100 global assets by market capitalization! 🚀 Today, XRP hit a new ATH at $3.4, surpassing companies like BlackRock, Siemens, and Booking in market value.  


What’s Happening?

1. SEC Appeal
It was also reported today that the SEC has filed an appeal against the court’s decision in the Ripple case. The regulator submitted the appeal on the last possible day, avoiding an automatic closure of the case. Despite this, XRP is holding strong near the $3.1 level.  

2. XRP Outshines Bitcoin
According to Google Trends, the search term "XRP" is now more popular than "Bitcoin"! This reflects the impressive growth and heightened activity surrounding XRP, which hit $3.4 today. However, increased interest in the token also suggests heightened risk, so trade cautiously.  


My Expectations

I’m personally expecting a pullback to the $3.0 - $2.9 zone for:  
- A retest of the horizontal resistance,  
- Stop-loss hunting for long traders, and  
- Trapping short traders.  

After this, I anticipate a bounce toward $3.8 - $4.0.  

However, if the $3.0 - $2.9 support fails, we could see a deeper correction to $2.4.  


What to Watch For

Given the current positive narrative around Ripple, we might not see the desired correction, and XRP could rally directly to the target zone. Either way, I believe Ripple will eventually reach $4, but I don’t recommend entering at current levels.  

If you’re looking to invest or add to your spot position, consider an entry near $3.0, and be prepared to average down near $2.4 if needed.  


I’ll be patiently waiting for this setup to play out – no rush, just following the plan! 💖

As always, DYOR (Do Your Own Research) and trade wisely! 💖

Hugs,
Your crypto girl