🚀 Ripple Price ul consistantly
Key Highlights
📈 Price Movement: Ripple (XRP) extended gains by 10% on Friday, reaching levels not seen since May 2021, with a 30% increase over the week.
🔑 Key Drivers:
1. 🗣️ SEC Chair Announcement: SEC Chair Gary Gensler's resignation announcement for January 20, 2025, boosted the market by 13%. Investors expect a more pro-crypto SEC chair, potentially benefiting Ripple in its legal battle with the SEC.
2. 🌍 WisdomTree Physical XRP ETP: The launch of this ETP in Europe enhances XRP's accessibility and liquidity, attracting investors.
📊 Technical Outlook:
📌 Current Levels: XRP broke above the $1.27 mark and hit a year-to-date high of $1.43.
🚀 Future Targets: A close above $1.40 could push XRP to retest the $1.96 resistance level.
⚠️ Caution: The RSI at 83 indicates overbought conditions, suggesting a potential correction. Traders should be cautious with long positions.
