XRP Poised For ‘Brief Correction,’ But Here’s Why It Could Go To $4
Posted On December 12, 2024
With Ripple’s regulatory approval to launch its RLUSD stablecoin, anticipation is mounting about the trajectory of XRP (CRYPTO: XRP) prices following the launch.
Cryptocurrency | Price | Market Cap | 24-Hour Trend | 7-Day Trend |
XRP (CRYPTO: XRP) | $2.43 | $138.7 billion | +1.2% | +0.8% |
Bitcoin (CRYPTO: BTC) | $101,633.16 | $2.01 trillion | +1.4% | +0.7% |
Ethereum (CRYPTO: ETH) | $3,948.22 | $475.6 billion | +4.4% | +1.4% |
Trader Notes: Prominent crypto trader Crypto Bitlord sees XRP on the brink of a parabolic move, calling it “financially irresponsible” not to hold XRP at this stage.
Jacob Canfield highlighted that XRP has retraced to the impulse base and the 0.382 Fibonacci zone, a move he sees as aligning with bullish expectations.
Canfield opened a small long position during the recent sell-off and remains optimistic about a push toward higher levels.