$🔥 Traders, attention! The market has entered the Altseason phase, and XRP is ready to become one of the main stars of this wave! 🌟 The decline in Bitcoin's dominance to 56.1% 🌐 has opened the way for altcoins, and analysts predict XRP will rise to $2.57 by December. 📈✨
💡 Why is XRP expected to rise to $2.57?
1️⃣ Fundamental interest: XRP continues to benefit from the decline in Bitcoin's dominance. Historically, altcoins, including XRP, show significant growth during such periods.
2️⃣ Impact of ETF: The application for XRP ETF approval could be the main driver of growth. The success of similar applications in the past for other cryptocurrencies led to an influx of institutional capital and a strong price increase.
3️⃣ Historical dynamics: XRP has shown maximum results 6–8 months after the BTC halving. This cycle is repeating now, supporting analysts' optimism.
4️⃣ Technical analysis: A breakout of key resistance levels around $2.00 could trigger an impulsive rise to the $2.30–$2.57 mark. This is supported by the current market structure.
⚠️ Warning: Pay attention to RSI!
Currently, the RSI for XRP is at 81, indicating that the asset is overbought. This may suggest that the price is already in a local maximum zone, and the market could be subject to correction. 🚨
If you plan to buy, it's better to wait for a correction or a decrease in RSI to safer levels, for example, 50-60, to avoid buying at the peak and reduce risks.
💎 How to act?
• Buying XRP: It's better to refrain from buying at the level of $1.90. Wait for a correction or a decrease in RSI.
• Risk management: If you decide to enter, set a stop-loss at $1.75 to protect your capital. 🛡️ Do not risk more than 2–3% of your deposit on a trade. 🔒
• Stay updated: January 20 will be an important date — the departure of the SEC chairman and the inauguration of the new US president could spur the growth of cryptocurrencies! 🚀🇺🇸
Now XRP is your chance to catch the wave of altseason and profit from a strong market movement! 💰🔥 But remember: discipline and risk management are your best friends in the market! 🧠💪 Good luck in the market, traders! 🚀💵📈