cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Is Ripple’s Bull Run Finished? AI’s Answers May Surprise the XRP Army

-

by

cryptd.in
in

TL;DR

  • Ripple’s native token has joined the broader crypto market’s correction and dumped below a few crucial support levels in the past week.
  • Being 25% away from its all-time high marked over two months ago, the question now arises whether XRP’s run has concluded and it’s time to brace for a bear market. Here’s ChatGPT’s take on this.

That’s All She Wrote?

Before we dive into the AI’s detailed answer on this, let’s briefly recall XRP’s run that started last year after the US elections. At the time, it traded around $0.60 before it exploded beyond $1, $2, and eventually $3 in January. Speculations began about breaking its 2018 all-time high of $3.4, but XRP only managed to match it.

What followed was a months-long correction that drove it south to under $2 at one point. However, it managed to reclaim that level and remained at around $2.2-$2.3 by the start of the summer. Then came what many anticipated to happen earlier this year, and a spectacular run in July drove XRP beyond its 2018 ATH to a new one of $3.65.

After such a massive rally, the asset corrected and slipped below $3 on several occasions in the next couple of months. In fact, it has tested the $2.70 support four times since then, but that level has remained intact.

XRPUSD. Source: TradingView
XRPUSD. Source: TradingView

Being 25% away from its peak marked in July means that this is a pivotal point as analysts debate whether it’s a regular correction or the start of a full-on bear market.

ChatGPT admitted that such retracements are “common even during strong bull markets.” It reminded that XRP, alongside most other larger-cap alts and BTC, has experienced similar or even worse pullbacks in previous cycles before “setting fresh highs.”

As such, it determined that the bull run is “not necessarily over,” since one painful correction “doesn’t kill a cycle.” However, it warned that there are certain factors that need to improve for XRP to resume its rally.

The Factors

From a technical standpoint, the AI chatbot noted that the XRP Army shouldn’t be too concerned as long as the asset remains above the crucial $2.70 support. Nevertheless, a “decisive break below that level might signal a deeper cooling phase.”

Additionally, it argued that on-chain activity should at least remain at the current level. It also mentioned some macro factors, such as the Federal Reserve’s policy, which could impact XRP and other riskier assets. Jerome Powell’s warning about inflation in the US over the past week is considered arguably the biggest reason behind the crypto market’s pullback.

Lastly, ChatGPT indicated that if the US SEC finally greenlights all spot XRP ETF applications, which are more than a dozen, it could impact the underlying asset’s price positively, especially if the inflows are significant.

게시물 Is Ripple’s Bull Run Finished? AI’s Answers May Surprise the XRP Army 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (383) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (70) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (64) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (3) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (5) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.