$XRP rose 15%: FOMO was crucial to breaking $3!

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The market rebounded quickly, and with the new year just a week away, many tokens have recovered the lost ground after the FOMC crash. Ripple (XRP) is no exception, climbing 15% and breaking through the key resistance level of $2.40.

During the "Trump hype", XRP's breakout against Bitcoin (XRP/BTC) showed capital rotation, and investors turned their funds to other assets. In November last year, Bitcoin soared 9% in a single day, breaking through $99,000 in two weeks, and at Bitcoin's high, the XRP/BTC pair rose more than 10%, showing that XRP is gaining more and more attention.

Now, with the MACD line approaching a bullish crossover, XRP has the potential to replicate this trend. If Bitcoin breaks through $100,000, XRP has the potential to follow the rise and target $3 before the end of the month.

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After a month of consolidation, XRP is preparing for a breakout. The increase in open interest shows that investors expect a rebound. However, the strong resistance zone of $2.40 to $2.46 may be a challenge. Without sufficient buying pressure, XRP may find it difficult to break through and may even face a pullback.

In addition, the amount of outflow from exchanges is still less than $50 million, far lower than the $3 billion when XRP reached its annual high of $2.48, indicating that the recent gains are mainly driven by whale hoarding and may be driven by the New Year's craze rather than broad retail interest.

The future trend is full of uncertainty. XRP still has the potential to attract Bitcoin capital, but breaking through $2.46 will be the key. Since FOMO has not yet fully formed, whether XRP can accumulate enough momentum remains an unknown.

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