A once-obscure digital currency has surged over 400% in just one month! This is not a science fiction movie, but a shocking scene happening in the cryptocurrency space! That's right, the protagonist is Ripple (XRP), which has become the market focus under the favorable winds of Trump's election!
🔥 The Trump trade is coming, XRP soars in a single month!
Just on Tuesday (December 3), the price of XRP skyrocketed to a high of $2.71, with an astonishing monthly increase of over 400%! This is not just a digital game, but a concentrated manifestation of market confidence. As Bitcoin's dominance recedes, a new round of altcoin season is quietly approaching, with funds flooding into small and medium-sized tokens, and XRP is undoubtedly the shining star in this feast!
💼 Wall Street giants are seizing the opportunity, ETF listing applications are igniting the market!
Even more exciting is that Wall Street fund WisdomTree has submitted the S-1 filing for an XRP ETF to the SEC, which means XRP is one step closer to officially becoming an ETF target! This news has not only attracted widespread attention from Wall Street investors but has also invigorated the entire cryptocurrency industry. After all, the launch of an ETF will greatly expand XRP's investment channels and attract more institutional funds.
🤔 Is the Trump effect really that magical? Why is the market so optimistic about XRP?
Actually, the market's optimism towards XRP is not unfounded. On one hand, after Trump's election, the market generally expects the SEC to relax its regulation on cryptocurrencies, which provides a good policy environment for the development of digital currencies like XRP. On the other hand, XRP itself has also shown strong growth potential, with its market capitalization surpassing that of popular public chain tokens like Solana, even nearing the world's largest stablecoin USDT.
📈 Technical analysis: Can XRP continue its strong momentum?
Of course, investment carries risks, and one should be cautious when entering the market. From a technical perspective, although XRP has seen astonishing growth in the short term, it also faces significant correction pressure. Currently, XRP is in a critical resistance range between $2.72 and $2.85; if it cannot break through effectively, it may trigger a wave of correction. However, this does not mean that XRP's upward trajectory has come to an end. On the contrary, as long as market confidence remains strong, XRP still has room for further increases.
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The above content is for informational sharing only and does not constitute any investment advice! Investment carries risks, and one should be cautious when entering the market!
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