Is XRP About to Break the Internet? 🚀💰

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So, picture this: the XRP market just had a major glow-up, all thanks to the SEC finally giving a nod to Grayscale’s XRP ETF filing. I mean, who knew the SEC could be so generous? According to the ever-reliable CoinMarketCap (because who doesn’t trust a website with “coin” in its name?), our beloved altcoin shot up by a whopping 11%, hitting a local peak of $2.81 before doing a dramatic nosedive to $2.39. Classic crypto, right? 🎢

XRP Needs to Climb Over $3.40 to Keep the Party Going

Enter Egrag Crypto, the market analyst who’s basically the crypto whisperer. In a recent X post (because who needs Twitter anymore?), he declared that XRP must close above $2.75 (the magic green number) to keep the bullish vibes alive. It’s like a crypto version of “you can’t sit with us” – if XRP can’t hold above that price, it’s just not cool enough for the party.

Now, let’s talk about resistance levels, shall we? $2.75 is like that bouncer at the club who won’t let you in unless you’re dressed to impress. If XRP can strut its stuff and close above this price on its 4-hour chart, it’ll show that buyers are finally taking control after a month of price drama. 🎉

But wait, there’s more! XRP also needs to hit another milestone at $2.94 (the fancy yellow number) to really kick things up a notch. If it does, we might just see it flirting with new highs like $3.22. Each time it closes above these price levels, it’s like adding another layer of frosting on a crypto cake. Yum! 🍰

However, Egrag Crypto isn’t pulling any punches. He warns that anything below the current bull rally peak of $3.40 is just “noise.” So, if XRP doesn’t break through that psychological barrier, it’s basically just a sad little whisper in the crypto world.

XRP Market Overview

As of now, XRP is trading at $2.73, which is a 6.43% gain in the last 24 hours. Not too shabby! The trading volume is up by 66.61%, which means everyone and their grandma is interested in this crypto rollercoaster. Over the past week, XRP has gained 13.78%, which is like a little victory dance after a month of losses. 💃

Despite the recent price hiccup, the XRP community is buzzing with optimism, especially with the potential for an XRP ETF. Thanks to the SEC acknowledging Grayscale’s application, they now have a 45-day review period (which could stretch to 240 days – because who doesn’t love a good cliffhanger?).

And with Donald Trump’s pro-crypto agenda making waves, investors are feeling all warm and fuzzy about the possibility of institutional capital flooding in, just like it did with Bitcoin Spot ETFs. Fingers crossed! 🤞

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2025-02-15 21:41