My lovely fellows, make yourselves comfortable because I have some hot gossip from the crypto world! 🔥 It turns out that XRP has been a bit calm these last few weeks, right? But watch out! That calm might be the calm before the storm, and it seems this storm is loaded with cash! 💸
The thing is that the price of XRP today, July 4th, is close to $2.2378, without much change. But behind the scenes, some things are brewing that make us think this token could shoot up by 50% soon. Yes, you read it right, FIFTY PERCENT! 🤯
To begin with, experts who scrutinize the charts say that XRP is forming a "symmetrical triangle". Imagine a figure with two lines that are closing in, like when one is about to hit the dart. 🎯 This is like a signal that the price is "gaining momentum" for a big jump. And the best part is that this pattern formed after XRP rose nearly 500% in November of last year! So, logic tells us that the next move is going to be upwards, and with enthusiasm!
If everything goes as expected, XRP could go straight to $3.4, which is 50% more than it is now. And if it breaks that barrier, who knows how far it could go! Some are already dreaming of $5, it's crazy! 🤑 Of course, there is always a risk; if it falls below $1.6147, the party might dim a bit, but let's cross our fingers that that doesn't happen!
But, what is the secret ingredient that could ignite the fuse of this rocket called XRP? Well, none other than the Teucrium 2X Long Daily XRP ETF (XXRP)! This investment fund, which launched in April, is receiving money inflows every week. People are pouring money into it like there’s no tomorrow! 💰 It’s almost reached $160 million in assets, and that’s considering it's one of the most expensive ETFs on Wall Street!
That people are willing to pay more for this ETF, even when XRP alone has performed a bit better, tells us something important: there is a huge appetite for spot XRP ETFs. And you know what? JPMorgan analysts (people who know this stuff!) predict that these ETFs could attract about $8 billion in the first 12 months if approved by the end of the year. Imagine the boost that would give to the price!
In addition to this big news about the ETF, XRP also has other catalysts, such as the growth of the RLUSD market capitalization (which is almost reaching $500 million) and more companies are integrating it.
So, let's stay alert, folks! XRP could be about to give us one of those "spikes" that we like. Let's see if this bull breaks loose and takes us to the to moon
