{"id":11889,"date":"2025-02-07T11:42:40","date_gmt":"2025-02-07T11:42:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=11889"},"modified":"2025-02-07T11:42:40","modified_gmt":"2025-02-07T11:42:40","slug":"3-reasons-that-ripple-xrp-is-preparing-for-a-major-rally","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=11889","title":{"rendered":"3 Reasons That Ripple (XRP) Is Preparing for a Major Rally"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li>Spot XRP ETF filings from well-known financial players could boost institutional and retail investment in the asset if approved.<\/li>\n<li>Whales accumulated millions of tokens during the dip, and the RSI briefly dropped below 30, suggesting a potential price rebound.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-90.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-382343\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-90.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-90.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-90-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-90-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-90-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP_CB-90-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>The Potential Catalysts<\/h2>\n<p><span data-preserver-spaces=\"true\">Ripple\u2019s XRP did not start the business week on the right foot, briefly tanking below $2 during the market correction <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/crypto-markets-melt-down-in-400b-selloff-on-trumps-trade-tariffs\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">witnessed<\/span><\/a><span data-preserver-spaces=\"true\"> on February 3. In the following days, the bulls reclaimed some lost ground, but the price remains deep in the red <\/span><span data-preserver-spaces=\"true\">on a weekly scale<\/span><span data-preserver-spaces=\"true\">, currently trading at around $2.37 (per CoinGecko\u2019s data).<br \/>\n<\/span><\/p>\n<figure id=\"attachment_382344\" aria-describedby=\"caption-attachment-382344\" style=\"width: 579px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-2.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-382344\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-2.png\" alt=\"XRP Price\" width=\"579\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-2.png 837w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-2-300x207.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-2-768x530.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/XRP-Price-2-50x35.png 50w\" sizes=\"auto, (max-width: 579px) 100vw, 579px\"><\/a><figcaption id=\"caption-attachment-382344\" class=\"wp-caption-text\">XRP Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Despite the bearish environment, some essential factors hint that a move to the upside could be incoming. On February 6, Cboe BZX Exchange <a href=\"https:\/\/cdn.cboe.com\/resources\/regulation\/rule_filings\/pending\/2025\/SR-CboeBZX-2025-022.pdf\" data-wpel-link=\"external\" target=\"_blank\">lodged<\/a> 19b-4 filings <\/span><span data-preserver-spaces=\"true\">on behalf of<\/span><span data-preserver-spaces=\"true\"> Canary Capital, WisdomTree, 21Shares, and Bitwise. The well-known asset managers seek to list the first spot XRP exchange-traded funds (ETFs) in the USA.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The filings represent a formal request submitted to the US Securities and Exchange Commission (SEC). The agency must approve or reject the application, often within 240 days.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">A potential green light would grant American investors additional options to gain exposure to Ripple\u2019s native token, which could create upward pressure on its price.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The<\/span><span data-preserver-spaces=\"true\"> whales\u2019 activity <\/span><span data-preserver-spaces=\"true\">is another factor worth observing. The popular<\/span><span data-preserver-spaces=\"true\"> X user Ali Martinez <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1887639911987068987\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">revealed<\/span><\/a><span data-preserver-spaces=\"true\"> that large investors <\/span><span data-preserver-spaces=\"true\">had<\/span><span data-preserver-spaces=\"true\"> accumulated 520 million XRP (worth over $1.2 billion at current rates) during the latest dip.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Whales seized the opportunity during the recent dip, buying 520 million <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">$XRP<\/a>! <a href=\"https:\/\/t.co\/v2Lu4uBMgm\" data-wpel-link=\"external\" target=\"_blank\">pic.twitter.com\/v2Lu4uBMgm<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1887639911987068987?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\" target=\"_blank\">February 6, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Such actions reduce the <\/span><span data-preserver-spaces=\"true\">circulating supply of the asset<\/span><span data-preserver-spaces=\"true\">, possibly setting the stage for a rally (should demand keep its level or rise).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Last <\/span><span data-preserver-spaces=\"true\">but not least<\/span><span data-preserver-spaces=\"true\">, we will focus on XRP\u2019s Relative Strength Index (RSI), which measures the speed and change of price movements. The technical analysis tool varies from 0 to 100, with readings below 30 indicating oversold conditions and a potential for a bounce. Earlier this week, the ratio <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cryptowaves.app\/relative-strength-index\/XRP\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">plunged<\/span><\/a><span data-preserver-spaces=\"true\"> below the bullish mark, currently <\/span><span data-preserver-spaces=\"true\">set at<\/span><span data-preserver-spaces=\"true\"> around 35.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Bonus: Garlinghouse and Trump<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The president of the USA, Donald Trump, started his second term at the White House with a bang, <a href=\"https:\/\/cryptopotato.com\/trumps-digital-asset-executive-order-heres-whats-inside\/\" data-wpel-link=\"internal\">signing<\/a> numerous executive orders and doubling down on his focus on the cryptocurrency industry. He reportedly <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/trump-plans-to-designate-crypto-as-a-national-priority-report\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">plans<\/span><\/a><span data-preserver-spaces=\"true\"> to establish a crypto advisory council that may be comprised of some well-known names.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">One of the people who could find a<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/bullish-for-xrp-ripples-ceo-may-join-donald-trumps-new-advisory-council\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\"> place<\/span><\/a><span data-preserver-spaces=\"true\"> there is Ripple\u2019s CEO, <\/span><span data-preserver-spaces=\"true\">Brad<\/span><span data-preserver-spaces=\"true\"> Garlinghouse. The advisors\u2019 main role will be to design a comprehensive regulatory framework for the sector and work closely with Trump and David Sacks (whom the president <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/donald-trump-appoints-david-sacks-as-cryptocurrency-and-ai-czar\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">tapped<\/span><\/a><span data-preserver-spaces=\"true\"> to serve as cryptocurrency and AI \u201cczar\u201d).\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Garlinghouse\u2019s<\/span><span data-preserver-spaces=\"true\"> possible connection with the White House could <\/span><span data-preserver-spaces=\"true\">have a significant impact on<\/span><span data-preserver-spaces=\"true\"> Ripple\u2019s native token.<\/span><span data-preserver-spaces=\"true\"> He might advocate for <\/span><span data-preserver-spaces=\"true\">clearer<\/span><span data-preserver-spaces=\"true\"> regulations surrounding the asset, which has <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/important-ripple-v-sec-lawsuit-update-february-6\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">faced<\/span><\/a><span data-preserver-spaces=\"true\"> scrutiny from the US Securities and Exchange Commission (SEC) for years.<\/span><\/p>\n<p>Ripple\u2019s CEO and the American president have shown a close connection to each other, <a href=\"https:\/\/cryptopotato.com\/ripple-executives-meet-donald-trump-at-mar-a-lago-event\/\" data-wpel-link=\"internal\">having<\/a> a dinner meeting at the Mar-a-Lago estate earlier this year.<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/3-reasons-that-ripple-xrp-is-preparing-for-a-major-rally\/\" rel=\"nofollow\">3 Reasons That Ripple (XRP) Is Preparing for a Major Rally<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Spot XRP ETF filings from well-known financial players could boost institutional and retail investment in the asset if approved. Whales accumulated millions of tokens during the dip, and the RSI briefly dropped below 30, suggesting a potential price rebound. The Potential Catalysts Ripple\u2019s XRP did not start the business week on the right foot, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-11889","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11889"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/11889\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}