🚀Ripple XRP Price Will Rocket to 60% After XRP ETF Launch 🚀
Ripple’s native cryptocurrency XRP has shown major strength during the crypto market pullback, despite a 400% gain amid rising hopes of an XRP ETF launch. Ripple price is currently trading in a bull-flag pattern and eyeing a breakout to the $3.5 level.
Despite the current pullback, XRP is still trading 44% up on the monthly chart.
Amid the broader market sell-off, Ripple price bounced back from the lows of $2 and is holding the crucial support of $2.18 as of press time.
On the technical chart, XRP is making a bull flag pattern and could rally to $3.5, gaining another 60% from the current levels. However, Ripple’s native crypto first needs to break above $2.42.
Crypto analyst Ali Martinez has shared his outlook on XRP, suggesting that if Ripple price can maintain support above $2.20, it may consolidate before attempting another push toward the $2.70 resistance level. However, he cautioned that if the $2.20 support fails, a decline to $1.96 could be imminent.
🐋Whale Activity Pushes Ripple Price Higher
Amid the crypto market crash during the last week, XRP whales saw an opportunity to add more coins amid Ripple price retrace. Following the first major correction on December 17 last week, XRP whales accumulated.
RLUSD Stablecoin Launch to Benefit XRP
Ripple Labs CTO David Schwartz recently commented on the company’s new RLUSD stablecoin, which went live last week.
💲XRP ETF Demand on the Rise
With President-elect Donald Trump set to take office next month in January, the market is optimistic that Ripple will soon settle the SEC lawsuit. Last week, there were strong sentiments on the filing of BlackRock spot XRP ETF. However, BlackRock’s head of ETF Jay Jacobs denied the rumors soon after.
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