XRP has soared by 55 % in the last 7 days, reaching $1.14, even as the broader cryptocurrency market dipped 2% today.
Over the past week was XRP one of the top-performing coins in the top-100 cryptocurrencies. And in the last two weeks? A staggering 124% increase. 🚀
One bullish signal is the emergence of a bullish divergence pattern on XRP’s 24-hour chart. While prices briefly dipped, the Relative Strength Index (RSI) showed growing momentum, hinting at a possible breakout ahead.
The Big Question: When Will XRP’s 500% Rocket Launch?
A closer look at XRP’s chart shows a dip to $1.04 in the past 24 hours, coinciding with the RSI rebounding from the 45 level.
The current RSI suggests that after some weekend profit-taking, XRP is regaining strength fast and could be gearing up for another massive rally this week.
So, buckle up—it might be time for XRP to aim for the stars! 🌕
Another intriguing signal? The 30-period moving average continues climbing above the 200-period moving average, reinforcing that XRP remains in growth mode.
Once dismissed and overlooked by many traders, XRP is now stealing the spotlight. A rally like this was almost inevitable, especially as the market strengthens in the wake of Donald Trump’s election victory.
With technicals aligning and bullish momentum on its side, XRP might just be gearing up for the rocket ride of the year. Buckle up, because this coin is no longer sleeping—it’s waking up big time! 🚀
🚨BREAKING: CEO of @Ripple – Brad Garlinghouse on FOX NEWS!
Donald Trump had a meeting with Ripple. 👀
💥 #XRP WILL MELT FACES 💥 pic.twitter.com/qp6CMbRTdY
— JackTheRippler ©️ (@RippleXrpie) November 15, 2024
XRP’s Potential 500% Surge: Trump, Garlinghouse, and the SEC Shake-Up
Fueling XRP’s recent rally are rumors of a meeting between Ripple CEO Brad Garlinghouse and President-Elect Donald Trump.
If true, this could open doors for Ripple to collaborate with key institutions, possibly even the Federal Reserve, on cross-border transactions and CBDCs.
While the meeting hasn’t led to any direct partnerships, a Trump administration could provide a major boost for Ripple. One key factor? The potential shake-up at the Securities and Exchange Commission (SEC). Trump has promised to replace SEC Chair Gary Gensler on day one of his presidency, which could dramatically shift the SEC’s stance on Ripple’s legal case.
A leadership change at the SEC might clear the way for Ripple to resolve its issues and expand its business unhindered. For XRP, this could mean a surge in investor interest and, possibly, the long-awaited moonshot. 🌕🚀
Best possible scenario for the SEC.
Then comes the restructuring from Congress. https://t.co/Wq7kfQuYcy pic.twitter.com/6M8lKWXTKe
— Chad Steingraber (@ChadSteingraber) November 16, 2024
XRP’s Moonshot: ATH in Sight and $2 by Year-End?
Amid all the buzz, XRP is projected to surpass its all-time high (ATH) of $3.40 by mid-2025. But the excitement doesn’t stop there—by the end of this year, XRP could hit the $2 mark.
With bullish momentum, institutional interest, and a potential SEC shake-up in its favor, XRP is shaping up to be one of the hottest contenders in the crypto market. Will it break records and prove the skeptics wrong? Stay tuned—this ride is just getting started! 🚀📈
- Visa Launches Tokenization Platform Integrated with Drex - December 5, 2024
- XRP Reduces Reserve Requirements by 90% to Attract New Users with Lower Value - December 5, 2024
- BlackRock’s Bitcoin ETF Surpasses 500K BTC in AUM - December 5, 2024