XRP rally: 300% increase since November-can the bullish trend overcome the resistance brand at $ 2.15?

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XRP: Ein Aufstieg um 300% und die Frage der Nachhaltigkeit XRP, die Kryptowährung des Unternehmens Ripple, hat seit November einen bemerkenswerten Anstieg von 300% verzeichnet. Dieser Kursanstieg wird maßgeblich durch zwei Faktoren beeinflusst: die Einführung von ETFs und den Fortschritt im Rechtsstreit mit der US-amerikanischen Securities and Exchange Commission (SEC). Die Initiierung von Exchange-Traded Funds …
XRP: An increase of 300% and the question of sustainability XRP, the cryptocurrency of the Ripple company, has recorded a remarkable increase of 300% since November. This price increase is significantly influenced by two factors: the introduction of ETFs and progress in the legal dispute with the US Securities and Exchange Commission (Sec). The initiation of Exchange-Traded Funds ... (Symbolbild/KNAT)

XRP: an increase of 300% and the question of sustainability

XRP, the cryptocurrency of the Ripple company, has recorded a remarkable increase of 300% since November. This price increase is significantly influenced by two factors: the introduction of ETFs and progress in the legal dispute with the US Securities and Exchange Commission (Sec).

The initiation of Exchange-Traded Funds (ETFs) has increased interest in XRP and other cryptocurrencies because they offer institutional investors an easier way to invest in digital assets. This development not only increased the volume of trade, but also brought back confidence in the market, which has had a positive impact on the price.

In addition, progress in the legal dispute with the SEC has contributed to reducing the regulatory uncertainty that hovered for a long time over XRP. Ripple and the SEC have been negotiating for some time on the legal framework under which XRP should be classified as security or as a digital currency. Positive developments in this context encouraged investors, which further stimulated the demand for XRP.

However, XRP is now facing a crucial resistance brand at $ 2.15. The question that many investors concerns is: Can the Bullish Momentum overcome this resistance and maintain the rally? Overcoming this brand could be interpreted as a sign of sustainable growth, while failure could possibly lead to the price movement passing into a correction round.

In summary, it can be said that XRP has shown impressive performance in recent months, supported by positive market conditions and legal progress. However, it remains to be seen whether this upward trend will be permanent, especially with regard to the critical level of resistance at $ 2.15