$XRP Analysis For upcoming weeks 💲📊
1. Current Price:
XRP is trading at $2.35, reflecting a recent 284% monthly increase but a slight dip of 4.5% in the last 24 hours.
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2. Why It’s Bullish📈📊:
Regulatory News: Approval of Ripple's RLUSD stablecoin is in progress, boosting confidence.
Adoption Growth: Wallet activations surged 10x in three months, signaling strong demand.
Global Use Case: Ripple continues to challenge SWIFT in cross-border payments, a growing market.
3. Key Price Levels 📊:
Short-Term Targets: Expected to test $2.57 or higher by year-end if momentum sustains.
Support Zones: Immediate support lies near $1.95, with resistance at $2.57.
4. Strategy to Consider:
Bullish Scenario: Buy on dips around $2.10 with a target of $2.50-$2.60.
Risk Factors: Watch for volatility due to legal/regulatory updates.
For updates, monitor trading volume and institutional interest. If you’re active in trading, timing entries during market pullbacks can improve profitability.
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