XRP: Is $2.4 the Starting Point or the Peak?
XRP has risen to $2.4, and everyone is quite excited, guessing whether this price is the end or just the beginning. Let's take a look at the truth and future potential together!
First, hold steady, then take a step?
Some are worried about the $2 hurdle, but the veterans understand that this is all part of the regular operation. XRP is currently gearing up for the next sprint. Patience is key at this time.
A few key points to remember:
$1.8: This is a solid defense line; set your stop-loss (SL) for insurance.
$2: A psychological barrier, but once it breaks through, it could gain momentum.
$5: If it really breaks through, this target is secure.
Good helpers for the rise:
Ripple's new development: With RLUSD out, XRP has become much more usable; its practicality and application have increased.
Media hype: Brad Garlinghouse appeared on "60 Minutes," and XRP has gained popularity.
New regulatory winds: The SEC head is set to change in 2024, which might loosen the restrictions on cryptocurrencies.
Movement of large funds: Institutions are quietly taking positions, showing strong confidence.
Why do we say $5 is not a dream?
History repeats: The current trend is quite similar to the bull market of 2017-2018; further increases are expected.
Public sentiment: While some are worried, XRP's fundamentals and fan base are quite strong.
Large-scale application: Once regulations become clear and major institutions join in, XRP can soar even higher.
Caution first, strategy is king:
Focus on the $2.4 to $2.5 range; breaking through is a new starting point.
When it reaches $5 to $5.85, keep an eye out; there might be a correction or consolidation.
Don't forget to set a stop-loss to protect your wallet.
A promising future:
In this bull market, $5 is a conservative estimate; with regulations and applications catching up, XRP's potential is limitless. Some say it could rise above $13 in the coming years. Whether you want to make quick money or hold long-term, XRP is worth a look.
In the upcoming layout direction, I will guide everyone to target the lucrative opportunities in altcoins, especially those with high potential projects, where an expected growth of over 10 times is not a problem. If you want to make big money in a bull market, like and leave a message, and I'll take you through the entire bull market!
