🚨Breaking News! The Federal Reserve empowers banks to engage in cryptocurrency, the era of open cryptocurrency in the US has arrived!
The Federal Reserve has suddenly 'changed its tune'! It has recently announced the repeal of the 2022 requirement for banks to report their participation in cryptocurrency activities in advance, meaning — banks can now more freely engage in the field of digital currencies such as Bitcoin and stablecoins, without the need for multiple layers of approval!
Even more astonishing, the regulatory letter from 2023 that restricted banks' participation in dollar tokens (stablecoins) has also been revoked, signaling a major shift in the US regulatory stance towards the cryptocurrency industry!
Not only the Federal Reserve, but the Office of the Comptroller of the Currency (OCC) has also eased its stance, expressing support for banks to participate in cryptocurrency, and is working with agencies like the SEC to develop new regulations that will comprehensively 'unshackle' the industry!
Behind this is the effectiveness of the 'Anti-Bottleneck Initiative' promoted by the Trump administration — the SEC has abandoned the Ripple lawsuit, cases involving exchanges like Coinbase and Uniswap have been settled, and the new chairman has stated: Bitcoin is the top priority!
What was once seen as a 'cryptocurrency killer' in the form of regulatory hurdles is quietly transforming into a 'cryptocurrency booster'! The American version of the cryptocurrency spring has truly arrived!
XRP Double Bottom Reversal Established! $30 Target Price Supported by Multiple Dimensions, Chinese Investors Should Focus on These Three Major Signals]
1. Technical Triple Resonance, Reversal Momentum Ready to Unleash According to the latest monitoring by the well-known domestic blockchain data platform Chainalysis, XRP has completed a classic double bottom structure in the $1.79-$3.36 range, with trading volume breaking through the $2.35 neckline resistance increasing by 300% compared to the previous week, forming a perfect combination of 'volume and price rising' . It is noteworthy that the volatility of this pattern (178%) shows a high consistency with historical bull market cycles, suggesting that this rebound may have an equivalent level of upward space.
"From the Fibonacci retracement level, the current price of $2.34 is exactly at the 0.618 key support level, which explains the recent market's resistance to decline." A private equity fund manager revealed to the author that his team has included XRP as a key observation target for March, "If it can effectively stabilize above the psychological level of $2, the probability of hitting $30 within the next 60 trading days will exceed 70%."
2. Policy Tailwind Combined with Industry Layout, Fundamental Quality Change The trademark application for cryptocurrency asset custodians submitted by Ripple Labs earlier this month is triggering a chain reaction in the industry. A blockchain head of a certain state-owned large bank pointed out: "Once this patent is approved, it will greatly improve the compliance application scenarios of XRP in the cross-border payment field, especially the landing speed in countries along the 'Belt and Road' may exceed expectations."
More noteworthy is the recent implementation rules issued by the Hong Kong Securities and Futures Commission for the 'Virtual Asset Trading License System', which clears obstacles for institutional funds to enter. Several QFII institutions have indicated that they are assessing the possibility of including XRP in alternative asset allocations. "When mainstream institutions start to pay attention to cryptocurrency assets, their liquidity premium will significantly increase," said the chief strategist of a trillion-yuan private equity fund.
3. Risk Warnings and Investment Strategies Although market sentiment is high, seasoned analysts remind to be cautious of three potential risks:
The possible global capital market volatility caused by the results of the Federal Reserve's March interest rate meeting The latest developments in the SEC's determination of XRP's securities attributes Innovations and breakthroughs in the cross-border payment field by competitors (such as USDT, BNB)
38 market makers, 38 sickles They have completely ruined this round of the bull market's imitation season.
割韭菜皇后
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Bullish
The White House cryptocurrency conference has just concluded, and the United States officially announces that XRP has become the primary strategic cryptocurrency of the United States, while Bitcoin is only considered secondary, and it is indicated that no new Bitcoin will be purchased. The latest market analysis suggests that XRP is expected to rise to $25 within this week. #xrp