2 FACTORS MAY LEAD $XRP TO $4 ๐๐
Recently, RLUSD stablecoin has been approved by the New York Department of Financial Services and it is now set to launch in 2025! However, this event alone won't necessary push XRP's price. Currently there are 2 main drivers who could push XRP to $4:
1) Whale Accumulation
On-chain data reveals that whales holding between 1 million and 10 million XRP increased their holdings by 1.11 billion XRP in 30 days, adding $200 million worth of XRP! So, their buying activity has been consistent, using dips to increase their positions and driving market confidence
2) Technical Patterns
As many of you probably noticed, XRP's price is forming a bull flag pattern and this often indicative of potential breakouts Historically, similar patterns have led to significant price surges!
In my opinion, these dynamicsโlarge investor accumulation and bullish technical might set XRP for a potential rally. Keep monitoring volumes and remember to protect your position! E.g stop loss: $2.295. I might open a short position in case, market goes against me, I'll update you about it in the following hours! Also keep on mind that $4 dollar target might take days/weeks!
STAY TUNED! ๐ฅ & Remember, Your Support Is MASSIVELY Appreciated!๐๐ช Also Don't Forget To Share It To Your Buddy! ๐ - DYOR ๐ NFA.๐ค