The XRP community is in a state of anticipation and anxiety due to the resistance level at $2, which is a major psychological barrier in the current bull run. However, seasoned investors seem calmer, considering that the market is regrouping below this level within a “bull flag” pattern 🐂📈, indicating a possible new breakout.
Precautionary measures and a well-thought-out strategy 🛡️💡
It is advisable to place a stop loss order below the support level at $1.80 in case the bullish pattern is invalidated. ⚠️📉
Despite the concerns, the overall market trend remains bullish, with expectations of continued upward momentum. 🌟
Similar to previous courses ⏳🔄
The current chart of XRP’s movement resembles the bull market of 2017-2018, which has raised concerns among some investors who remember the volatility of the 2020-2021 cycle. 😟📆
Impactful events in the near term 📰🌐
1. Launch of RLUSD: This development is a big step towards promoting the use of XRP. 🔥💵
2. Gensler replaced with new chair: A crypto-friendly chair of the SEC is expected to be appointed early next year, which could help end the case against Ripple. ⚖️📜
3. Brad Garlinghouse's appearance on 60 Minutes: This could raise public awareness of XRP and increase institutional interest. 📺💬
Future expectations 🌌🔮
Once it breaks the $2 level, XRP is expected to reach an initial target of $5. 💰🏁
If mass adoption is achieved, the coin could rise to higher levels of $13 or more, depending on momentum. 📈💎
A message to the XRP community 🙌🔥
The XRP Army, which has been criticized for years, seems to be on the cusp of a major breakthrough. A close above $2 would confirm a significant breakout that supports the long-term bullish outlook. However, caution is advised at $5.85 levels, as the market could see a correction before resuming the uptrend. 🛑📊