Did you know? $XRP just did something that caused a stir in the entire cryptocurrency world. After climbing to a high of $3.3 yesterday, it opened today down 0.47% to $3.25. Behind this rollercoaster market hides two major news that could change the game!
Why? Because Ripple just reached a settlement with the U.S. Securities and Exchange Commission (SEC) after a four-year lawsuit, completely shedding the "securities" label from XRP, and the probability of spot ETF approval has skyrocketed. Traditional capital is sharpening its knives, preparing to enter the market!
What’s even more aggressive is that XRP has just partnered with a payment platform across 27 African countries, achieving cross-border remittance efficiency that is three times that of traditional systems. It may become a hard currency for the "Belt and Road" initiative in the future!
Currently, the price is resting on the "safety cushion" of the 5-day and 7-day moving averages. A short-term drop below $3.24 could pull back to $3.2, but the 30-day moving average at $3.06 is a solid bottom, and it remains stable in the medium to long term!
For the short term, keep an eye on the $3.24 support. If it holds, we can push towards $3.3; if it breaks, wait for $3.2 to buy the dip. Long-term, we can see $5 or even higher!
Don’t let the rapid rises and falls dictate your actions. Don’t chase after sudden spikes, and run if support breaks. The news is a bonus, but the technicals are fundamental. This wave of XRP is driven by both news and technology, with explosive potential in the medium to long term. Pay attention to support in the short term, and hold steady for an explosion in the long term!
In the same market and situation, why can others reap the rewards while you’re still being cut down like chives? In the cryptocurrency world, it’s not about luck. Follow the big trend, choose the right people and direction, and you can profit from it. If you’re still confused and directionless, leave me a message to meet you, and I’ll lend you a hand!