CandleFocus Will XRP finally hit $1 during the current bully cycle?
2024-11-11
Author: Content Editor
The article discusses the current trading position of XRP, which has been trading below $0.60 for a long time. It notes that Dogecoin has surpassed XRP in terms of market capitalization. The article also mentions that XRP's chances of reaching $1 depend on its ability to breach the $0.60 resistance and sustain its price above this level. Regulatory developments, particularly the Ripple-SEC case, are also mentioned as significant factors. A trading expert suggests that XRP may have the potential to break the $1 mark due to a key breakout point in its technical setup. The article also highlights XRP's recent price action, including a pullback and leverage liquidations. The Ripple lawsuit and the impact of regulatory developments are seen as important factors affecting XRP's rally.
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