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Where to Now for XRP?While the sum may sound substantial, it represents a deduction of 94% from the regulator’s initial demand of around $2 billion. Many industry participants viewed this as a victory, hence the asset’s positive performance.trades at around $0.57 . Numerous analysts, though, remain optimistic that new peaks are on the horizon.
“The Bullish Pattern looks to be complete, and XRP may be right in the early stages of its next colossal climb,” the analystsuggested this might be a good moment for investors to hop on the bandwagon or increase their exposure. A symmetrical triangle is a pattern characterized by converging trendlines connecting lower peaks and higher dips. It is typically observed during periods of consolidation before the valuation breaks out, either upwards or downwards.Doctor Profit and CrediBULL Crypto were among the analysts touching upon XRP immediately after its surge last week.
The trader also speculated that Ripple and the SEC might even start working on an XRP ETF behind doors, which could trigger an additional bullish environment.COTI V2 Underway, Garbled Circuits Integration and Privacy Breakthroughs: Interview with CEO Shahaf Bar-GeffenAI is Going to be the Center of our Lives, Like it or Not: Akash Network’s Greg Osuri One Weekly Email Can Change Your Crypto Life.Disclaimer: Information found on CryptoPotato is those of writers quoted.
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