The recent performance of XRP has been impressive, with significant gains over the past month. However, whether the bull run is over is a nuanced question. Here are some key points to consider:
1. Recent Performance: XRP has seen a substantial increase, with a 450% surge in the last 30 days. This indicates strong bullish momentum.
2. Technical Indicators: XRP is currently trading above key technical levels, such as the EMA55 on the weekly timeframe, which suggests robust long-term growth potential. Analysts believe that as long as XRP maintains its position above critical support levels, the bullish structure remains intact.
3. Market Sentiment: The overall market sentiment towards XRP remains positive, bolstered by institutional adoption and significant developments like the launch of WisdomTree’s XRP ETP.
4. Potential Retracements: While short-term retracements are possible, they are often seen as opportunities to build rather than causes for concern. Analysts suggest that any dips could be temporary and part of a larger upward trend.
In summary, while there may be short-term fluctuations, the overall outlook for XRP remains positive, and many experts believe the bull run is not yet over. It's essential to stay updated with market trends and technical analysis to make informed decisions.