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There’s a Silver Lining for XRP Bulls Following 6% Plunge
Despite the recent 6% plunge, there is still hope for XRP bulls. The token is still 36.3% away from reclaiming its record high achieved in early 2018. Although it failed to reach a new all-time high in December, there are several bullish catalysts that could potentially reignite the XRP rally in 2025.
Firstly, the Securities and Exchange Commission (SEC) has recently shown increased crypto-friendliness, which could have a positive impact on the market sentiment around XRP. Additionally, rumors of an XRP ETF are gaining traction, which could be a major boost to the token’s price.
Despite the recent decline, it is essential for XRP investors to remain optimistic and patient as the cryptocurrency market often experiences volatility. It will be interesting to see how the SEC’s newfound crypto-friendliness translates into tangible results, as well as whether an XRP ETF becomes a reality in 2025.
Source: u.today
