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XRP’s 27% Surge Looks Unlikely – Yet Here’s Why HODLing Might Pay Off
As the crypto market continues to fluctuate, many are left questioning whether a 27% surge for XRP is feasible. While it may seem unlikely given recent trends and market conditions, here’s why HODLing might pay off in the long run.
Firstly, as XRP outpaces Bitcoin with triple the returns, perpetual traders are regaining dominance, while open interest has surged by 1.4%. This sudden increase in interest is evident in buy orders piling up, and capital flowing from Bitcoin to other altcoins. With this momentum, a push towards $3.40 – doubling its current value – doesn’t seem far-fetched.
Historical resistance at $2.50 could potentially pose a significant hurdle for XRP’s upward trajectory, but the ongoing influx of fresh capital and increased retail interest suggest that HODLing might still prove to be a lucrative strategy in the long run.
Source: ambcrypto.com
