Imagine this! 🤯 An army of 42 banks joins forces to block Ripple and its cryptocurrency XRP, but instead of falling, the coin becomes stronger! What is really happening in the crypto world and how does it affect us?
Get ready because here comes the good gossip, the one that matters. ChatGPT's analysis, that digital brain that knows everything, says that XRP is stronger than ever. Despite 42 traditional banks coming together to try to stop Ripple in its attempt to obtain a banking license in the United States, things are not going well for them. On the contrary, the price of XRP jumped by 3.57%, reaching $3.05. And watch out! The technical analysis shows that XRP is above all its important moving averages, which for experts is a super bullish sign that the coin has a brutal push.
Why is this so important for us? 🧐 Because the banks' attempt to block Ripple is proof that they see this crypto as a serious threat. If Ripple obtains that license, it could compete directly with SWIFT, the system used by all banks to transfer money globally. That would not only change the game of finance but could also cause XRP to explode in value, affecting anyone who has or wants to have this coin in their wallet.
Things get even more interesting with the SEC, the agency that regulates exchanges in the U.S. They are silent, not responding to Ripple's case, and that could mean they are about to throw in the towel or reach a settlement. Either option would be a massive boost for the institutional adoption of XRP.
The future, according to the analysis, has three possible paths:
The road to the moon 🚀 (45% probability): If Ripple gets the license and the SEC stays silent, experts see XRP flying up to $6.00 - $8.00 in 90 days. An increase of up to 150%!
The path of calm 🧘♀️ (35% probability): If the license takes time, XRP could stay in the range of $2.80 - $3.20. It's not a boom, but it's not a drop either.
The path of scare 📉 (20% probability): If there is a major stumble with regulations, we could see a correction and the price fall to $2.60 - $2.80.
The breaking point right now is the resistance at $3.08. If XRP breaks it, things get serious. If not, we may have to wait a bit longer, but the foundation is solid.
So the million-dollar question is: are we witnessing the resistance of a coin that could change the global financial system, or is it just another battle in the world of cryptos? What do you think? The banks' move is the best indication of what is to come!$XRP