XRP$📉
•
Market capitalization of XRP: 213.32 billion dollars compared to 200 billion dollars for McDonald's
• Current price: 3.60-3.64 dollars with a circulating supply of 59.18 billion
• 24-hour trading volume: 9.89 billion dollars with a market dominance of 5.33%
• Significant achievement in the legitimacy of cryptocurrencies
Growth Support Factors
• Regulatory clarity: The GENIUS Act approved by the House enhances investor confidence
• Ripple's stablecoin RLUSD creates new utility for XRP
• Institutional momentum: ETF assets for XRP reached 397 million dollars
• Supply constraints: 85% of XRP is locked or inactive
Trading Outlook
• Technical indicators: MACD indicator is bullish versus RSI indicator in overbought territory (80)
• Key levels: Support 3.50/3.35 dollars; Resistance 3.80/4.10 dollars
• Regional opportunity: European markets show a stronger bullish bias
• Risk factor: Whale ownership of concentrated stakes may increase volatility
#BinanceHODLerERA #StrategyBTCPurchase #ETHBreaks3700 #NFTMarketWatch #StablecoinLaw $XRP
