Is XRP About to Make You Rich? The Shocking Truth Revealed! 💰🚀

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Ah, dear reader, gather ’round as we embark on a most thrilling tale of the illustrious XRP, which, after a rather dramatic pirouette from the support range of $2.27 to $2.38, has decided to grace us with its presence at a charming $2.58. 🤑

With a 24-hour volatility that could barely ruffle a feather at 0.2% and a market cap that would make even the most seasoned tycoon blush at $149.62 billion, our dear XRP is attempting to transform the resistance level of $2.7 into a cozy little support. How quaint! In the past fortnight, this Ripple Labs darling has regained a delightful 7%, trading at a respectable $2.58 on a fine Wednesday morning in New York. 🌆

It appears that XRP is donning its bullish attire, having closed the last three months in a veritable symphony of green candles. The monthly Relative Strength Index (RSI) has been frolicking above the 74% mark since November 2024, a feat not seen since the halcyon days of January 2018. How time flies when one is having fun! 🎉

Midterm XRP Price Expectations

Our astute crypto analyst, known in the shadows as Dark Defender, posits that XRP is nearing the conclusion of the second wave of the Elliott wave theory. Through a rather dramatic ABC correction, he anticipates that XRP will find a solid support range between $2.44 and $1.99 before launching into the exhilarating third wave, coinciding with the thrilling 2025 bull cycle. Buckle up, dear friends! 🎢

Upon a successful bullish rebound, XRP shall set its sights on a target range between $5.8 and $8 in the coming weeks. One can only imagine the champagne corks popping! 🍾

$XRP is proceeding based on our lines.

After Wave 2 & XRP will continue with the 3rd – 5th Waves on the Daily Chart.

Supports: $2.4467, $1.9996 Resistances: $2.6052, $3.3999, $5.8563, $8+

I feel like we are in November.

Remember, Remember.

— Dark Defender (@DefendDark) February 19, 2025

Renewed Whale Activity

In a most curious turn of events, the crypto whales, those enigmatic creatures of the deep, have been busy purchasing a staggering 150 million XRP units in the last 48 hours. With an account balance ranging from 10 million to 100 million coins, these whales now control a jaw-dropping 6.9 billion XRP coins. One must wonder if they have a secret lair beneath the ocean! 🐋

Whales bought 150 million $XRP in the last 48 hours!

— Ali (@ali_charts) February 19, 2025

Favoring Fundamentals

The macro bullish outlook for XRP has been further buoyed by a delightful shift in the crypto regulatory landscape in the United States, coupled with a renewed demand from institutional investors. As the ever-reliable Coinspeaker noted, the Ripple vs SEC saga, which has been a thorn in XRP’s side since 2020, may soon be but a distant memory. How delightful! 🎭

Moreover, the US SEC has decided to take a leisurely stroll, scaling back its cryptocurrency enforcement, with the ongoing case against Binance Holdings and Coinbase Global Inc (NASDAQ: COIN) now on hold. Earlier today, US President Donald Trump, in a fit of social media enthusiasm, shared Ripple and XRP posts on his Truth platform, potentially signaling the end of the ongoing lawsuit. What a twist! 📜

Meanwhile, Ripple has been diligently working to develop the XRPL chain, aiming to compete with the likes of Ethereum (ETH) and Solana (SOL). With over 5 million on-chain users, the XRPL network now boasts a reliable stablecoin, Ripple USD (RLUSD), to enhance liquidity. How positively modern! 💼

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2025-02-19 18:20