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Ista Lyncoln
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My post serves as a warning and a call to action for
XRP
holders to pay attention to upcoming news that could significantly affect our investments.
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Jerome Abigantus mb7I
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?? What are you trying to say? Be specific!........... ๐XRP ๐$8...
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.
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Ista Lyncoln
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Alright bro, ๐๐พ let hope it will get better
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You canโt judge a coin for just 20 minutes of bearish, I advise you to change from 5minutes to 1 day or 4 hours, those red candles will turngreen
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$XRP has almost finalised the ABC Corrective Wave pattern in the daily time frame! It will be confirmed if XRP breaks $2.52. I expect XRP to break here within 24 hours. Road to $5.85 first & then $18.22. Not Financial Advice #XRPArmy #XRPCommunity #RLUSDLaunch
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๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐๐! The prevailing bearish trend has raised several inquiries. Please find below some key points for your consideration: ๐. ๐๐๐จ๐ง๐จ๐ฆ๐ข๐ ๐ ๐๐๐ญ๐จ๐ซ๐ฌ Rising Interest Rates: Central banks, particularly the US Federal Reserve, have been increasing interest rates to combat inflation. This tightening of monetary policy reduces liquidity in the market, making riskier assets like cryptocurrencies less attractive. ๐. ๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐๐ญ๐ญ๐๐ซ๐ง๐ฌ Market Cycles: Bitcoin and other cryptocurrencies often follow a cyclical pattern of rapid price increases followed by corrections. The current bearish phase may be part of this natural cycle, as Bitcoin's price has historically moved through distinct phases. Leverage and Volatility: The use of leverage in trading can amplify market movements. In a bear market, the unwinding of leveraged positions can lead to further price declines. ๐. ๐๐๐ ๐ฎ๐ฅ๐๐ญ๐จ๐ซ๐ฒ ๐๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐๐ง๐ญ Increased Scrutiny: Governments are beginning to implement stricter regulations on cryptocurrencies, which can create uncertainty and deter investment. The evolving regulatory landscape may contribute to bearish sentiment as investors await clearer guidelines. ๐. ๐๐๐ซ๐ค๐๐ญ ๐๐ข๐ช๐ฎ๐ข๐๐ข๐ญ๐ฒ Low Liquidity: Compared to traditional financial markets, the crypto market often experiences lower liquidity. This can lead to more significant price swings and increased volatility, especially during downturns. ๐๐ง ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ, the bearish trend in the crypto market is influenced by a combination of economic factors, market sentiment, historical patterns, regulatory developments, and liquidity issues. These elements create a challenging environment for investors, leading to widespread caution and selling pressure.$BTC $XRP
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๐๐ก๐ฒ ๐๐ฌ ๐๐๐ ๐๐ซ๐ข๐๐ ๐๐๐๐ฅ๐ข๐ง๐ข๐ง๐ ๐๐จ๐๐๐ฒ? XRP, the cryptocurrency linked to Ripple, has dropped nearly 8% today, bringing its price down to $2.36โthe largest decline in over two months. This sudden downturn has raised questions among investors despite XRP's proximity to all-time highs. A significant factor in this decline is Ripple CEO Brad Garlinghouseโs recent CBS interview, which highlighted Rippleโs challenges but omitted key information, such as a Federal Judgeโs ruling that XRP is not a security. This omission disappointed many in the crypto community and led to an 8% price drop. The situation worsened with over $14.5 million in long positions liquidated in the past 24 hours, contributing to a broader $358 million sell-off in the crypto market. XRPโs trading volume surged to $12 billion, but this selling pressure caused its market cap to fall below $136 billion, pushing it behind Tether (USDT) in rankings. Additionally, profit-taking after XRP's November rally and shifting interest toward Bitcoin and Ethereum have reduced demand for XRP. From a technical standpoint, XRP has broken below key support levels, suggesting further declines may be possible. However, it is currently near the 23.6% Fibonacci retracement level at $2.33, which could act as support. Analysts believe that if XRP can surpass $3, it may pave the way for a rally toward $5. For now, short-term sentiment remains bearish due to negative funding rates and declining trader confidence.$XRP
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