XRP gave good news: Is the bull run starting?

Ripple, which announced that it would launch its USD stablecoin, created great joy among its investors.

Ripple, which had a very weak rise season, finally started to give positive signals. The company, which announced that it will launch the USD stablecoin as of April 4, has slowly started to get the wind behind it. Ripple (XRP), which rose directly with the announcement, showed a clear movement regarding the bull run that has been expected for months. Which levels will be important to follow in the popular coin, which has achieved a 10 percent increase despite the market decline?

XRP managed to get news support behind it!

XRP, which is usually triggered by news during its rise, did not surprise this time either. The major coin, which rose after announcing the stablecoin move, experienced an increase of 9.85 percent, from $ 0.5624 to $ 0.6178. We can say that things are going well for Ripple, even though BTC's downward direction and the momentary disappearance of the news effect brought a decline later.

XRP, which currently has buyers at $0.5824, may explode if BTC exceeds $70,000, BTC dominance falls and positive news flow about Ripple arrives. In such a scenario, increases towards 0.6260 – 0.6686 – 0.7134 and 0.7442 dollars can be followed, respectively. Persistence above the recent top at $0.7442 will accelerate the bull run in XRP.

A decline in XRP can be expected if regulators continue to put pressure on Ripple, BTC remains below $65,000, or BTC dominance increases. In such a scenario, the first reaction can be expected from $ 0.5787. Afterwards, the levels of 0.5440 – 0.5260 and 0.5014 dollars, respectively, may serve as support.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.