bullish

Rally

Elon Musk

<ul class="wp-block-list">
 <li>XRP shows bullish momentum with a 30% surge in trading volume, despite a slight price dip.</li>
 <li>Elon Musk’s $25 billion bid for Ripple Labs could bring a major shift to the crypto industry.</li>
</ul>
According to <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a> data, XRP is trading at $0.5339 with a slight 0.97% decline. Despite the dip, the chart displays a strong uptrend, supported by a daily trendline, and XRP is nearing its volume-weighted average true range (ATR) band on the four-hour chart.
XRP’s market cap stands at $30 billion, down 1.05%, making it the seventh-largest cryptocurrency. Notably, its daily trading volume has surged by 30%, reaching $796 million in the past 24 hours, an unusual spike on a Tuesday. Typically, higher trading volumes are observed on Mondays following quieter weekends, making this increase a bullish sign for XRP’s short-term trajectory.
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdpr00OqmrLK_uZRwaAWdzd_JcM8KPxBvi-wRhTVY41dDhycV35YJlZjh5UgoSOF2dnaGfL4-6MCeHRsERp5zLo1maNHitDTOTK9UwBAGKu9bBHR3eCRtEQHMiPrQsLqiRcLdq6JWQG_SwZn_WtOF3WvYFg?key=-lachG9kidgOz2tvxQbauA" alt="">
 <figcaption class="wp-element-caption">XRP Price Chart (Source – <a href="https://in.tradingview.com/chart/B6Kef6U4/?symbol=BINANCE%3AXRPUSDT" target="_blank" rel="noopener noreferrer nofollow">Trading View</a>)
 </figcaption>
 </figure>
</div>
The Relative Strength Index (RSI) is at 47.73, approaching the neutral zone. XRP’s immediate resistance levels are $0.6311 and $0.6345, with strong support at $0.4340. Of the total 100 billion XRP tokens, 56 billion are in circulation, while <a href="https://thenewscrypto.com/ripple-ceo-announces-launch-of-rlusd-in-a-few-weeks/" target="_blank" rel="noopener noreferrer nofollow">Ripple</a> Labs holds the remaining 44%.&nbsp;
A key retracement level of 0.382, calculated from the previous bull market high to the bear market low, is about 10% above current prices. XRP has historically faced resistance at this level, and if reached, a pullback could occur. The crowd’s sentiment and the market money sentiment are both <a href="https://thenewscrypto.com/is-xrp-symmetrical-triangle-signaling-a-bullish-breakout/" target="_blank" rel="noopener noreferrer nofollow">bullish</a>.
<h3 class="wp-block-heading" id="h-elon-musk-offers-to-buy-xrp-for-25b-nbsp">Elon Musk Offers to Buy XRP for $25B&nbsp;</h3>
In an unexpected development, X (formerly Twitter) CEO Elon Musk has made a $25 billion offer to <a href="https://x.com/elonmusk" target="_blank" rel="noopener noreferrer nofollow">acquire</a> Ripple Labs, the company behind XRP. Musk already holds $11.7 million in XRP, and industry experts predict that the market cap of XRP could hit $40 trillion by 2025. Despite the ongoing price dip, this acquisition could boost XRP’s market performance and significantly transform the crypto space.
Highlighted Crypto News Today: <a href="https://thenewscrypto.com/altcoins-rally-as-bitcoin-loses-market-dominance-in-q4/" target="_blank" rel="noopener noreferrer nofollow">Altcoins Rally as Bitcoin Loses Market Dominance in Q4</a>

XRP Sees Bullish Signs Amid the Price Dip

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