{"id":656642,"date":"2024-12-04T14:00:58","date_gmt":"2024-12-04T14:00:58","guid":{"rendered":"https:\/\/ktsl888.com\/?p=656642"},"modified":"2024-12-04T10:42:21","modified_gmt":"2024-12-04T10:42:21","slug":"xrp-under-the-microscope-will-it-break-2-9-key-support-levels-and-future-targets","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/xrp-news\/xrp-under-the-microscope-will-it-break-2-9-key-support-levels-and-future-targets\/","title":{"rendered":"XRP Under The Microscope: Will It Break $2.9? Key Support Levels And Future Targets"},"content":{"rendered":"
XRP, the third-largest cryptocurrency by market capitalization, has recently outperformed the top ten cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). <\/span>This significant momentum comes as investor sentiment grows in anticipation of clearer regulatory frameworks in the United States, especially following Donald Trump\u2019s election.\u00a0<\/span><\/p>\n In addition, Securities and Exchange Commission (SEC) Chairman Gary Gensler recently <\/span>announced <\/span><\/a>his departure effective January 20, which many believe could pave the way for increased adoption and institutional investment in XRP.<\/span><\/p>\n This could be achieved through the XRP <\/span>exchange-traded fund<\/span><\/a> (ETF) market, which is being pursued by asset managers such as Canary Capital, Bitwise, WisdomThree, and 21Shares.\u00a0<\/span><\/p>\n With the change in leadership at the agency, the odds of approval continue to rise, especially as the pro-crypto nominee to replace Gensler, <\/span>Paul Atkins<\/span><\/a>, is shaping up to lead the new era of regulation in the country.\u00a0<\/span><\/p>\n Over the past thirty days, XRP has experienced a remarkable surge of 400%, culminating in a six-year high of $2.91 reached over the past weekend.\u00a0<\/span><\/p>\n This surge has been further supported by a substantial increase in <\/span>market capitalization<\/span><\/a>, which has risen by $120 billion in the last three weeks, bringing XRP’s total market cap to approximately $140 billion.<\/span><\/p>\nKey Fibonacci Resistance Ahead For XRP<\/span><\/h2>\n