#AIAndGameFiBoom $Hello, traders! 🌟 Today we'll talk about what made XRP shoot up to $1.72, showing a 232% increase in a month. Is it bullish news, political changes, or just a leverage play? Let's find out! 🔍
📊 Growth on the shoulders or a trend that can’t be stopped?
CryptoQuant analysts warn that the current rally could be a “leveraged pump.” 📉 Similar situations in the past have led to corrections of up to 17%.
The key indicator is open interest in XRP futures, which has grown by 37%, signaling a high level of speculative activity. 🐋💸 Don't relax: the market may take an unexpected turn!
🌟 Why is XRP in the spotlight?
1️⃣ Trump and positive for crypto
Following the US elections, Donald Trump returned to the White House, inspiring optimism among crypto investors. 🎉 This became a catalyst for the growth of XRP, which broke through the $1 level for the first time since 2021.
2️⃣ SEC Chairman Gary Gensler resigns
The announcement of Gensler's departure (January 20, 2025) was another driver: in a few hours, XRP rose by 35%, reaching $1.60. 🚀 This move could put an end to Ripple's lawsuit against the SEC, which will strengthen confidence in XRP.
3️⃣ Ripple sets the trend
Ripple is actively developing:
• Invested in Bitwise's XRP fund. 🏦
• Launched a tokenized money fund on the XRP Ledger. 🌐
These actions strengthen XRP's position as one of the most promising assets on the market. 💪
🛠 My view as a trader
The situation looks powerful, but don't forget:
• The risks of a correction after such a rally are high. 🔥
• Always use stop losses and plan your entries. ✋
If you are already in a position - congratulations! 🎉 If not, look for an opportunity to enter on corrections. 📉
Fundamental events like Gensler's departure and political changes could make XRP the leader of the 2024 bull run. 🌌
💬 What do you think?$XRP
Do you believe in the continued growth of XRP? Or is this a temporary hype? Write in the comments - let's discuss! 💬👇
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