Over the past day, XRP has once again broken above the $2.5 mark, reclaiming its position as the third-largest cryptocurrency by market capitalization of $140 billion. At the same time, the stablecoin USDT, issued by Tether, has moved into the fourth position. Despite the overall decline in the cryptocurrency market, XRP maintains a weekly growth of 2.3% and a yearly growth of over 326%. Additionally, trading volume has dropped by 33% to $5.85 billion. In this situation, renowned trader Peter Brandt pointed out the possibility of a bullish breakout for XRP, despite the general sluggishness of the market. Analysis by Nebraskangooner suggests that the breakout of XRP above $2.5 was false, as we are currently seeing a retreat to $2.44. Furthermore, the analyst believes that XRP will fall to the support zone at $2. However, there are prerequisites for an increase in XRP's value, including the appointment of the new SEC Chairman Paul Atkins, the potential approval of spot ETFs based on XRP, and the dismissal of the SEC lawsuit against Ripple. The Relative Strength Index (RSI) on the daily chart of XRP stands at 57.71, indicating that bulls are in control of the price movement, although a decrease is likely in the future. The MACD indicator remains slightly bullish, with the MACD line (blue) above the signal line (red). However, the weak intensity of this signal suggests possible changes in momentum.

XRP2.23%
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UuuUpUpUpvip
· 2025-01-13 15:09
bull return speed return 🐂
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