#ReboundRally

🌐🤑The cryptocurrency market is abuzz with excitement, and several tokens are on track for a recovery rally. Ripple’s XRP, for example, could see a bounce back after its recent correction, with on-chain data suggesting further upside potential ¹.🤑🌐

*Key Factors Driving the Recovery:*

- _📢Stable Funding Rate_: XRP’s funding rate remains stable compared to previous bull seasons, indicating potential for further price growth.

- _📢Low Weighted Sentiment_: Retail traders are not the main drivers of XRP’s recent rally, reducing the risk of panic selling during market dips. - _📢Imminent Launch of RLUSD Stablecoin_: Ripple’s stablecoin, pegged to the US dollar, aims to provide users with a more stable trading asset, generating interest among investors.

*Other Tokens on the Rise:*

- _📢Solana (SOL)_: Up 6% on Monday, following a Glassnode report indicating increased capital inflows compared to Bitcoin and Ethereum.

- _📢Ethereum (ETH)_: Risk of a drop to $3,000 as investors take profits and increased losses.

- _📢Bitcoin (BTC)_: Up over 140% in 2024, hitting the $100K mark in early December, driven by the launch of Bitcoin Spot ETFs and reduced supply following the fourth halving event.