Is the $XRP a short-term correction or the start of a long-term bull market?
The $XRP called around 2.3 is now at 3.2, and the $ETH called around 3000 is also nearing 3500.
XRP has recently been heavily influenced by both news and technical factors, leading to significant price fluctuations. The key factor is the outcome of the lawsuit by the U.S. SEC; if the court upholds the previous favorable ruling for Ripple, XRP may rise. U.S. policy remains uncertain, but support from countries like Japan and Singapore is a positive sign. In terms of market applications, Ripple is increasingly collaborating with banks, and the newly launched leveraged ETF products may attract more funds.
Technically, the short-term price is stuck around $3.3, and trading volume has not kept up. If it cannot break through $3.5, a correction may occur; in the medium to long term, strong support is at around $2. If legal issues are resolved and combined with business expansion, there could be potential for future growth.
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