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Positive:
RLUSD Stablecoin Launch:
Tomorrow, December 17, Ripple will start trading its RLUSD stablecoin on several platforms. This could boost demand for XRP, as RLUSD is based on the Ripple network【36†source】.
Bull Market Structure:
The coin is showing a technical formation that indicates the continuation of the upward trend, targeting price levels of .
Regulatory Challenges:
Despite the recent legal win, Ripple is still facing regulatory scrutiny in some markets, which could impact investor sentiment【36†source】.
3. Near-Term Outlook:
Bullish Momentum Continues:
XRP is expected to continue its positive movement in the coming days, especially with the news of the RLUSD launch.
Critical Level:
If the coin steadily breaks the $2.60 barrier, we could see a target of $3 levels in the near term, provided that liquidity continues to flow and momentum is maintained【35†source】【36†source】.
Conclusion:
XRP is currently in a positive mood, supported by technical news and positive market movements. However, market developments should be closely monitored to assess the continuation of the upward trend.
RLUSD Stablecoin Launch:
Tomorrow, December 17, Ripple will start trading its RLUSD stablecoin on several platforms. This could boost demand for XRP, as RLUSD is based on the Ripple network【36†source】.
Bull Market Structure:
The coin is showing a technical formation that indicates the continuation of the upward trend, targeting price levels of .
Regulatory Challenges:
Despite the recent legal win, Ripple is still facing regulatory scrutiny in some markets, which could impact investor sentiment【36†source】.
3. Near-Term Outlook:
Bullish Momentum Continues:
XRP is expected to continue its positive movement in the coming days, especially with the news of the RLUSD launch.
Critical Level:
If the coin steadily breaks the $2.60 barrier, we could see a target of $3 levels in the near term, provided that liquidity continues to flow and momentum is maintained【35†source】【36†source】.
Conclusion:
XRP is currently in a positive mood, supported by technical news and positive market movements. However, market developments should be closely monitored to assess the continuation of the upward trend.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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