After several years of ups and downs led by SEC’s
lawsuit against Ripple Labs, Everyone saw XRP skyrocket this bullish season. Will
XRP eventually hit the moon and turn the tides? Or will it remain as a dream to
many XRP holders? Here is a breakthrough of my own analysis about XRP.
What is XRP?
Created by Ripple Labs in 2012, XRP is a native cryptocurrency token in the XRP
Ledger, an
open-source, decentralized blockchain developed to facilitate fast and
cost-effective cross-border payments. XRP uses a unique consensus mechanism
instead of traditional mining, making transactions faster and more
energy-efficient aimed at modernizing global payment systems.
Reasons to invest right now in XRP:
1.) Donald Trumps Election as the 47th U.S President, His reelection
became one of the factors that drove the start of a Bull season this November 2024.
2.) Gary Gensler will step down as the SEC’s Chairman on
Trump’s Administration. (See Brad Garlinghouse on Twitter on his posts hinting
that it might be sooner or later that Gary Gensler will be replaced. Published
15 hrs ago)
3.) XRP reforming it’s bullish pattern, A Symmetrical Triangle from the
previous 2018 Bull run, recording it’s all time high.
4.) Whale movements caused a total transfer of 1.48
Billion XRP since Nov. 5, 2024 leaving everyone wondering what is happening.
5.) XRP has been climbing drastically since the past
week.
6.) XRP broke it’s 6 year pendant, (A resistance in
0.682) supporting it’s current situation to breaking out of 1 USD.
7.) Growth potential, if XRP continues to gain traction
in global payment systems and remittance markets, its value could rise
significantly, especially as blockchain adoption grows.
8.) Ranked No. 7 among all the cryptocurrencies with a
49.9 Billion dollars market cap.
9.) Consider XRP's potential in its Utility in Cross border payments, Low transaction costs, Scalability, Potential Undervaluation, Accessibility, Community and Ecosystem which may cause it to increase in value sooner or later.
Considerations Before Investing
Regulatory Risks: Despite progress, XRP remains under scrutiny, and future rulings could impact its price.
Volatility: Like all cryptocurrencies, XRP's price is subject to high volatility.
Dependence on Ripple Labs: XRP’s success is closely tied to Ripple's performance and adoption, which centralizes some risk.
Right now, XRP have a very large probability that it
may hit 1 USD this Friday, and its getting closer and closer as it may seem to
rise drastically in the market. Along with XRP, Hedera Hasgraph is also a
promising coin that skyrocketed this bull run. I have also observed that these
2 coins climbs up while every other coin like Bitcoin, Ethereum, Solana, and
Etc. goes down.
Best thing to buy XRP right now is to buy it in these values:
1.) 0.7
2.) 0.8
3.) 0.9
Assuming XRP dips, you can buy on these values:
1.) 0.68
2.) 0.622
Current Price: 0.901
Support: 0.8371 and 0.7947
Resistance: 0.9160 and 0.9218
Targets to watch:
1.) 0.95 – A near-term breakout level to 1 USD
2.) 1.00 – Psychological Resistance
3.) 1.20 – Upper level target If bullish momentum continues. (Take Profit)
4.) 1.50 – Extension Target (Take Profit)
5.) 2.00 – Extension Target (Take Profit)
24 Hour Volume (XRP) – 1.66 Billion XRP
MA (5/10) – Consistent Upward Trend
In conclusion, this was all a rundown of my own research and understanding
about XRP, personal research about the coin is a must and considering your risk
tolerance is essential in winning this Bull Season. XRP has been seen as a very
promising coin for a very long time and considering that the SEC lawsuit vs. Ripple
Lab’s XRP is coming to an end, hitting 2 digit or 3 digit values, before a
fantasy, now can possibly become a reality.
I hope everyone is having a Good day, and may God bless you this bull season💰💰😘.
#XRP #Bull #BullRunAhead
$XRP $BTC $HBAR