XRP has been accumulating for a long time. It just needs one positive news catalyst to break out of its current trading range and start to rise in price.
Here are some specific examples of positive news events that could trigger a breakout for XRP:
A favorable ruling in the Ripple vs. SEC lawsuit The adoption of XRP by a major financial institution The launch of a new major XRP-based product or service Of course, there is no guarantee that any of these events will actually happen. However, the fact that XRP has been accumulating for a long time suggests that there is a lot of pent-up demand for the coin. If one of these positive events were to occur, it could lead to a significant price increase for XRP.
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