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XRP Price on Verge of 18% Rally If History Aligns: Details
The recent rebound seen in the XRP market might be a precursor to a significant rally, as history has shown that similar price movements have often led to substantial gains. Despite the current uncertainty surrounding the cryptocurrency’s future, several developments could potentially push its value upwards.
Recently, 200 million XRP units mysteriously left Ripple and entered unknown destinations, sparking speculation and concern within the crypto community. While this unusual event may not be directly influencing the price action, it highlights the unpredictable nature of the market.
On the other hand, there are notable developments that could have a profound impact on XRP’s trajectory. Specifically, the Securities and Exchange Commission’s (SEC) pending decision on filed applications for Ripple-backed exchange-traded funds (ETFs) has the potential to swing things in favor of XRP. Additionally, Nate Geraci, president of the ETF Store, has predicted that BlackRock could join the race for an XRP ETF.
These factors combined may indicate that the current price action is merely a pause before a larger rally unfolds.
Source: https://u.today/xrp-price-on-verge-of-18-rally-if-history-aligns-details
