XRP Roadmap!!!(Short-term)
2024-12-01

I hope you had a  good weekend .

According to the news about  XRP , I decided to share an analysis of it with you today.

So stay with me.

 Ripple  is planning to launch  RLUSD Stablecoin on December 4th , which increased the price of the XRP( BINANCE:XRPUSDT ) token. 

" Ripple is set to release RLUSD, a stablecoin backed by NYDFS approval. This strategic move enhances Ripple's foothold in regulated digital finance and strengthens its position in the stablecoin market, challenging giants like USDC.

RLUSD will provide a stable pairing for XRP amid Ripple’s ongoing legal battles.

Partners like Bitstamp, Moonpay, and Uphold are on board, ensuring compliance with top-tier transparency and security standards. "

Of course, we should be careful with this proverb: " Buy the Rumor, Sell the News ", of course, it depends on the  cryptocurrency market conditions on December 4th , if the crypto market is  bullish on December 4th , we can expect the continuation of the  upward trend  of  XRP. 

Now, let's go to the  Technical Analysis  of  XRP .

 XRP  is currently moving in a  Heavy Resistance zone($2.00-$1.50)  and has so far failed to make a  new All-Time High(ATH) (on the  Binance exchange ).

Also, from the point of view of  Classic Technical Analysis , it seems that  XRP  is moving inside an  Ascending Triangle .

According to  Elliott wave theory ,  XRP  is completing  microwave 4 of microwave 5 of main wave 3 .

I expect  XRP  to drop( -7% ) to at least the  Potential Reversal Zone(PRZ) ,  Uptrend line , and  100_SMA(4H-TF)  after breaking the  lower line of the ascending triangle pattern .

 🙏Please respect each other's ideas and express them politely if you agree or disagree.🙏 

 ⚠️Note: If XRP can break the Heavy Resistance zone($2.00-$1.50), we can expect more XRP pump.⚠️ 

 ⚠️Note: If XRP goes below PRZ and Uptrend line, there is a higher possibility of a decrease.⚠️ 

 ⚠️Note: If XRP goes below $1.50, we can expect more dumps.⚠️ 

XRP Analyze (XRPUSDT), 1-hour time frame⏰.

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