XPRMomentum
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$XRP #XPRMomentum #XPRETFs
š Why is XRP rising?
1. Legal victories against the SEC (U.S. regulatory agency)
This has provided more legal security to the asset.
2. Large investors (whales) accumulating XRP
This reduces the supply in the market and can increase the price.
3. Interest from institutions and potential XRP ETF
An ETF could attract more institutional money.
4. Positive graphic signals (technical analysis)
Breakout of patterns indicates the possibility of continued upward movement.
5. Launch of the stablecoin RLUSD by Ripple
Increases the use of the XRP Ledger network, which enhances the token's value.
---
ā ļø Risks
There may be corrections after this strong rise.
One of the co-founders sold a lot of XRP, which creates selling pressure.
On-chain activity and the creation of new wallets have decreased, indicating a weakening.
š Why is XRP rising?
1. Legal victories against the SEC (U.S. regulatory agency)
This has provided more legal security to the asset.
2. Large investors (whales) accumulating XRP
This reduces the supply in the market and can increase the price.
3. Interest from institutions and potential XRP ETF
An ETF could attract more institutional money.
4. Positive graphic signals (technical analysis)
Breakout of patterns indicates the possibility of continued upward movement.
5. Launch of the stablecoin RLUSD by Ripple
Increases the use of the XRP Ledger network, which enhances the token's value.
---
ā ļø Risks
There may be corrections after this strong rise.
One of the co-founders sold a lot of XRP, which creates selling pressure.
On-chain activity and the creation of new wallets have decreased, indicating a weakening.
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$XPR - Mcap 145.38M$ - 85%/ 63.8K votes Bullish
SC02 M1 pending Long order, entry is located within an LVN and aligns with positive simplification from a previous profitable Long position. Estimated stop-loss is around 0.54%. The uptrend is in its 59th cycle with a growth range of 2.51%.
#LVNEntry #XPRMomentum
SC02 M1 pending Long order, entry is located within an LVN and aligns with positive simplification from a previous profitable Long position. Estimated stop-loss is around 0.54%. The uptrend is in its 59th cycle with a growth range of 2.51%.
#LVNEntry #XPRMomentum
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