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XRP Price Poised for Parabolic Rally as Dollar Index Shows Signs of Fall
Experts predict a major XRP price breakout as the Dollar Index trends lower. Historical correlations between the DXY and XRP price suggest a significant rise when the DXY drops. Analysts, such as Versan Aljarrah, believe that a decline in the DXY could trigger an XRP rally similar to past trends. Fibonacci retracement levels are also showing support for a possible uptrend in XRP’s price.
The successful breakout above key resistance levels could push XRP to new heights. This sentiment is growing, especially as investors anticipate favorable regulatory developments. Recently, the U.S. House of Representatives advanced the GENIUS Act, which could provide clearer regulations for stablecoins like Ripple’s RLUSD. As a result, XRP briefly surged above $3, further fueling optimism about XRP’s price growth.
Favorable updates in the ongoing SEC lawsuit also support XRP’s price rally. Ripple has reportedly settled a $125 million penalty, and the final resolution is pending the dismissal of appeals. Additionally, the possibility of an XRP ETF gaining approval continues to drive investor confidence.
The relationship between DXY and XRP price movements reveals that when the DXY falls sharply, XRP tends to rise historically. This pattern has been observed three times: in early 2018, mid-2021, and late 2024.
Source: coincentral.com
