The XRP price is poised for a significant price movement after trading within a range for two weeks. Analysts suggest that it could enter a new price discovery phase, potentially surging to new record highs. Technical analyst Dark Defender believes that a "wave 3" rally could launch, targeting a price of $5.85, representing a 129% increase from its current level. Dark Defender also identifies a target of $8.76, nearly tripling its previous all-time high. However, the XRP price may face resistance at certain levels, and key support levels are currently established at $1.88 and $2.33. A catalyst for these anticipated price movements could be the potential approval of an XRP exchange-traded fund (ETF) by the US Securities and Exchange Commission (SEC). The departure of previous SEC chairman Gary Gensler and the new administration under President Donald Trump may result in a more favorable regulatory environment for cryptocurrencies.



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