Could XRP eclipse Bitcoin with an explosive squeeze?

Ripple is currently poised for a squeeze, according to well-known cryptocurrency trader . According to his analysis, Ripple has broken through the peak resistance of last year's victory pump on the daily chart. In the past 24 hours, XRP has risen by 7%, outperforming the market and reaching 0.0000099 BTC, its highest level since March. The XRPBTC pair has risen by nearly 60% in the past two months.

According to reports, XRP's Bollinger Bands have become extremely tight recently, indicating that the price may be in for a big move. The chartist quipped that XRP is trading like it is about to get its own exchange-traded fund (ETF). While Ripple CEO Brad Garlinghouse believes that an XRP ETF is inevitable, the financial company is unlikely to launch such a product in the short term. BlackRock also recently confirmed that it does not plan to launch more ETF products in the near future.

XRP's recent performance reflects the market's continued interest and confidence in cryptocurrencies. Although ETF products are unlikely to be launched in the short term, market expectations for XRP remain high. Recently, the overall cryptocurrency market has performed strongly, especially against the backdrop of a gradually clear regulatory environment in the United States

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