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Expert Claims That XRP ATH Rally Could Be Over Already, Can Ripple Regain Momentum After RLUSD Approval?
Ripple’s impressive year-end rally has left many investors and enthusiasts eagerly anticipating the next move. However, a recent report suggests that this upwards trajectory may be short-lived. According to expert insights, the current altcoin surge could be reaching its ceiling, leaving XRP vulnerable to a potential correction.
The ripple (pun intended) effects of RLUSD approval
While some remain optimistic about Ripple’s prospects, the majority seem skeptical regarding the coin’s ability to regain momentum in the near term. The recent listing on CoinMarketCap and the anticipated RLUSD approval may have played a significant role in fueling this enthusiasm. However, the market is notoriously unpredictable, and it remains unclear whether XRP can sustain its current pace.
The analyst highlights several reasons why investors should be cautious regarding XRP’s potential for continued growth:
1. Market trends are not sustainable
2. The supply-demand imbalance may be temporary
Ripple has been a key player in the world of cryptocurrency since 2012, with a strong focus on cross-border transactions and international money transfers. This RLUSD approval could significantly boost confidence in Ripple’s long-term prospects.
DTX Exchange (DTX) network is poised to break out soon
A different story unfolds when considering DTX Exchange (DTX), a new entrant in the decentralized finance sector. Analysts are pointing towards strong bullish indicators for DTX, with some predicting massive gains in the coming months.
Source: www.crypto-news-flash.com
