CandleFocus Trading expert believes this is just the beginning of XRP’s bull run
2024-11-26
Author: Content Editor
XRP has experienced a significant rally due to catalysts such as Donald Trump's re-election and the announcement of SEC Chair Gary Gensler's resignation. Market experts indicate that XRP is firmly in a bullish trend, with potential for a prolonged bull market. The key support levels for XRP are $1.32, $1.12, and $0.92. XRP's technical outlook remains optimistic as long as it stays above $1.32. Dips in price are seen as short-term corrections and buying opportunities. Technical analysis suggests that XRP's rally is not yet over, and it needs to close above $1.44 for continued upward movement. Recent whale activity and the filing of an XRP ETF further contribute to bullish sentiment. XRP's momentum also relies on Bitcoin's performance. At present, XRP is trading at $1.35, with a 24% gain over the week. Overall, XRP seems well-positioned to maintain its bullish momentum.
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