The long awaited XRP pullback

11 dic

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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12 dic

Nota

The situation is unfolding positively. The 2.2–2.4 zone appears favorable for building a position.

hace 4 días

Operación activa

Our buy zone played out beautifully, and the price is now aiming to hit a new ATH. 🚀 I hope you managed to load up your portfolio because today’s local bottom at $2.53 might already be behind us. 📈

anteayer

Nota

Second chance

After Jerome Powell's speech yesterday, the market decided to let off steam and take a break from growth. This is a good opportunity for those who missed our 2.2-2.4 range to take XRP at attractive prices🔥. Levels 2.2 and 2.1 are currently acting as support. My bullish view on this coin has not changed, XRP is behaving stronger than the market, which will bear fruit when traders' sentiment changes to bullish.