Analysis $XRP 11/16/2024
#XRP , we are seeing FOMO regarding XRP due to the likely dismissal of Gensler from the SEC. Of course, not only Ripple will benefit, but the entire Crypto sector.
However, with this whole situation of the SEC x XRP lawsuit, it is clear that it ends up being the most highlighted in a positive way for its price.
We also have to consider the factor that XRP spent more time than necessary within this lateral accumulation channel that had formed between $0.49/$0.69. And we all know that after a large accumulation, the price tends to be violent.
There is no reason to be pessimistic here, since the tendency is that all altcoins, including the oldest ones, can jump to their ATHs. Of course, many will not reach them, but some will surpass them.
XRP bulls should start the new week by breaking the orange band that the price is currently in, otherwise, we will go back to closing this gap that was broken in the gray band below the current price. Which wouldn't be bad either, it would open space for new buy orders that bid at those prices of $0.85/0.87.
Regarding the XRP project, I have already mentioned several times that the project is fantastic, what is bad is the conduct of some people within the project, such as the CEO who has been caught several times sponsoring propaganda against BITCOIN, supporting Kamala in order to get exclusive benefits for RIPPLE, without considering the entire market, and of course... the strange movements that the RIPPLE leadership makes.
I have several criticisms regarding XRP's leadership, but in relation to the project itself and its security, I think it is truly incredible!
In this sense, I also think that XRP will be one of the altcoins that will have an ETF approved in 2025. However, if you are investing all your chips in this one thinking that you will get rich in the short term, I think you should think twice about it.
* If you have any questions, don't hesitate, go to my INSTA (it's in the fixed image of my profile here), call me and ask your question.
