💵💵Is XRP Ready to Return to the Stage: If This Happens, a 25% Rally is on the Way! 💵💵
While XRP has attracted investors' attention with its recent price fluctuations, it could open the doors to a new rise. Despite the hopeful start to October, sharp declines in the crypto market have pushed XRP back to $0.53. Interestingly, this level was last reached at the beginning of September; at that time, XRP had increased by more than 25% after seeing the bottom at this level after a downtrend that had been going on since mid-August.
One of the most important factors supporting that rise was the news that Grayscale would launch an investment product for XRP. From a technical perspective, positive graphic signals and a golden intersection were among the factors supporting XRP's rise. With these developments, the altcoin has gained momentum to compete with smaller and faster-moving meme tokens.
Now, a similar scenario may be happening again. XRP, which lost over 13% in the first days of October, has bottomed out at the same point again and entered the accumulation phase. This situation increases expectations that a strong upward movement like in September may re-emerge. If this prediction comes true, it will not be a surprise to see exciting news and important announcements around XRP. The crypto world may be preparing to watch the altcoin take the stage once again.
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