Part 6
XRP is waiting like a bomb ready to explode
Bitwise has officially applied to the SEC for the XRP ETF. This application, which took place last week, is also exciting XRP investors. As I mentioned in previous articles, XRP is already quite strong. Settling on the purple zone ($0.40 - $0.41) as of March 2023, XRP has been moving between the purple and red zones for a very long time. The red major resistance zone ($0.70 - $0.81) in XRP will be tested again in the coming period. When the $0.90 - $0.93 levels are exceeded, XRP ETF rumors and/or concrete developments will directly fuel the rise. We can say that XRP is waiting like a bomb ready to explode, as we also see a contraction in the monthly time frame (Bollinger Bands). The upward movement of the market seems to be beneficial to XRP as well. In this respect, XRP is similar to BNB, not to the weak ATOM.
