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Macro Investor Says Time Running Out For XRP As XRP Days Below Its ATH Are Numbered

Macro Investor Says Time Running Out For XRP As XRP Days Below Its ATH Are Numbered
A macro investor has predicted that XRP, the cryptocurrency associated with Ripple, is on the verge of reaching a new all-time high. XRP has been trading steadily at around $1 for the past six days and has seen a 103% increase in value over the past two weeks. Despite this positive momentum, XRP is still trading at a 71% discount from its peak value. The investor, known as "Pharaoh," claims that the window to buy XRP at around $1 is closing and expects a new bull run to emerge in the coming weeks. Some community members believe that XRP could surpass its all-time high in a matter of days. XRP needs to increase by 246% to reach its peak value, but faces significant resistance at its 2021 high of $1.96. Long-term holders of XRP have been accumulating the cryptocurrency, injecting $526 million in fresh capital into the market last week. This accumulation could cause a supply shock and drive the price even higher.

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