📊 Market Analysis: Is XRP Ready for a New Bullish Push? 🚀

XRP has shown signs of consolidation around $2.40 after a strong bullish push. This technical pause could be preparation for a new movement.

🔍 Key factors to consider:

Golden cross in the XRP/BTC pair: The XRP/BTC pair has formed its first golden cross on the weekly chart, indicating a possible significant bullish trend.

Possible ETF approval: The SEC is considering the approval of an XRP ETF, which could attract institutional investments and increase demand.

Technical patterns similar to 2017: Analysts have pointed out that the current price action of XRP shows similarities to the 2017 rally, which could indicate a significant bullish movement.

📈 Short-term prediction:

If XRP manages to break above the resistance at $2.65 USD, we could see a movement towards $3.30 USD in the coming weeks. However, a drop below $2.30 USD could lead the price towards support at $1.79 USD.

💬 What do you think? Are we witnessing consolidation before a new bullish rally or is a deeper correction looming?

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