{"id":130034,"date":"2024-11-25T21:16:26","date_gmt":"2024-11-25T14:16:26","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=130034"},"modified":"2024-11-25T21:16:26","modified_gmt":"2024-11-25T14:16:26","slug":"xrp-at-the-crossroads-how-bulls-are-sparking-fomo-to-hit-2-next","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=130034","title":{"rendered":"XRP at the crossroads: How bulls are sparking FOMO to hit $2 next"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">XRP holds steady at $1.50, uncertain which way momentum will swing.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">More volatility is expected ahead as market forces battle for dominance.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Following the election results, this market cycle saw significant capital shifts. <\/span><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Bitcoin [BTC]<\/span><\/a><span style=\"font-weight: 400;\"> led the charge, while Ethereum posted daily gains of over 10% at its peak.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But after a week of explosive growth, the rally started to cool, and most altcoins settled. That\u2019s when <\/span><a href=\"https:\/\/ambcrypto.com\/category\/xrp-ripple-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Ripple [XRP]<\/span><\/a><span style=\"font-weight: 400;\"> stole the spotlight. A dramatic surge in investor sentiment pushed XRP to reclaim the $1 milestone \u2013 a level it hadn\u2019t seen in three years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yet, the road back to its all-time high of $3.40 \u2013 last seen nearly seven years ago \u2013 is anything but smooth. With erratic price action shaking up the daily chart, XRP has struggled to maintain bullish momentum and break past the $2 mark.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, with multiple <\/span><a href=\"https:\/\/cryptoquant.com\/asset\/xrp\/summary\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">metrics<\/span><\/a><span style=\"font-weight: 400;\"> flashing signs of overheating, the true test begins. Bulls must defend the $1.40 level with conviction. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">If that level fails to hold, a pullback to around $1 could offer a more attractive entry point,\u00a0 pushing back XRP\u2019s advance toward its psychological target and a potential new all-time high.<\/span><\/p>\n<h2><b>XRP\u2019s fate hangs at the midway point<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Certainly, after three years of a steady downtrend, XRP\u2019s resurgence sparked renewed FOMO in the market. On the day XRP hit $1, active <\/span><a href=\"https:\/\/cryptoquant.com\/asset\/xrp\/chart\/addresses\/active-addresses?window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=line\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">accounts<\/span><\/a><span style=\"font-weight: 400;\"> on the XRP ledger surged to a yearly high of around 48K. However, within just a week, that number has dropped to 30K, reflecting a 37.5% decline.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These abrupt exits have disrupted the momentum needed to break the $2 barrier, leading to a more than 2% decline after it crossed the halfway point two days ago, with XRP currently priced at $1.46 (at the time of writing).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Typically, new interest in a cycle emerges in two key scenarios: when a coin breaks through key psychological resistance or when it hits a local bottom, providing a \u201cdip\u201d for traders to enter and aim for outsized returns in the following sessions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, the responsibility now lies with the dominant bulls. If they defend the current price level and view the recent pullback as a false dump, a breakout above $2 could act as a psychological catalyst, sparking renewed FOMO and driving more market interest, reminiscent of previous cycles.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if the bulls lose confidence in XRP\u2019s long-term potential, a pullback to around $1 could form a local bottom, offering an attractive entry point for new traders looking to capitalize on a rebound.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This places Ripple at a crossroads, where the next move will define whether the momentum will build toward $2 or retrace to new entry points around $1.<\/span><\/p>\n<h2><b>Brace for more volatility ahead\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">On one hand, <\/span><a href=\"https:\/\/ambcrypto.com\/xrp-surges-to-2021-highs-time-to-watch-for-a-1-20-entry-point\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">analysts<\/span><\/a><span style=\"font-weight: 400;\"> suggest that XRP could undergo a retracement before making a move toward $2. With a 230% rally in less than 20 days, the token appears overextended, making the $1.00\u2013$1.20 range an appealing entry point for those expecting a correction.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, whales holding between 1 million and 10 million XRP appear unfazed by these speculations, having <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/1860903488747901253\/photo\/1\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">accumulated<\/span><\/a><span style=\"font-weight: 400;\"> over $50 million worth of XRP tokens over the weekend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This accumulation has played a crucial role in preventing XRP from dropping below the $1.20 range, a level it briefly touched two days ago, marking the lowest price of the day.<\/span><\/p>\n<div id=\"attachment_446009\" style=\"width: 1834px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446009\" class=\"wp-image-446009 size-full\" alt=\"XRP price action\" width=\"1824\" height=\"774\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25.png 1824w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25-300x127.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25-1024x435.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25-768x326.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25-1536x652.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25-1200x509.png 1200w\" data-lazy-sizes=\"(max-width: 1824px) 100vw, 1824px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-446009\" class=\"wp-image-446009 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25.png\" alt=\"XRP price action\" width=\"1824\" height=\"774\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25.png 1824w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25-300x127.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25-1024x435.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25-768x326.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25-1536x652.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/11\/XRPUSDT_2024-11-25_13-09-25-1200x509.png 1200w\" sizes=\"auto, (max-width: 1824px) 100vw, 1824px\"\/><\/a><\/p>\n<p id=\"caption-attachment-446009\" class=\"wp-caption-text\">Source : TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Meanwhile, in the derivatives market, sentiment is leaning towards <\/span><a style=\"font-size: 16px;\" href=\"https:\/\/www.coinglass.com\/LongShortRatio\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">shorts<\/a><span style=\"font-weight: 400;\">, with traders betting on XRP\u2019s retracement. This makes the role of whales even more crucial in counteracting a potential long-squeeze.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Realistic or not, here\u2019s\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">XRP market cap in BTC\u2019s terms<\/a><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\">The coming days will likely show which side takes control in this tug-of-war. However, the bulls\u2019 drive to keep XRP from falling after so many challenges gives them a strong psychological edge. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">With continued confidence, the likelihood of breaking $2 grows, as bulls work to reignite FOMO in the market.<\/span><\/p>\n<p>\u00a0<\/p>\n<div class=\"post-nav\">\n<div class=\"previous-blog\">\n\t\t\t\t\t\t\t\t\t\t\tPrevious: <a href=\"https:\/\/ambcrypto.com\/weekend-wipeout-bitcoin-stumbles-500m-in-liquidations-follow\/\" rel=\"next\" data-wpel-link=\"internal\">Weekend wipeout: Bitcoin stumbles, $500M in liquidations follow!<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/michael-saylor-hints-at-a-3b-bitcoin-buy-will-it-push-btc-above-100k\/\" rel=\"prev\" data-wpel-link=\"internal\">Michael Saylor hints at a $3B Bitcoin buy \u2013 Will it push BTC above $100K?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/xrp-at-the-crossroads-how-bulls-are-sparking-fomo-to-hit-2-next\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>XRP holds steady at $1.50, uncertain which way momentum will swing. More volatility is expected ahead as market forces battle for dominance. Following the election results, this market cycle saw &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=130034\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-130034","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130034"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/130034\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}