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<ul> 
 <li>XRP burst through the 50-cent threshold, sparking optimism for a bullish momentum revival.</li> 
 <li>Analyst Crypto Kaleo predicts XRP is set for a rebound, breaking free from bearish patterns.</li> 
 <li>Ripple’s strategic partnerships signal XRP’s mainstream adoption and potential market leadership.</li> 
</ul> 
<p>In a dramatic reversal, XRP vaulted over the 50-cent mark, settling at approximately $0.507. This surge breathes new life into market sentiment, especially after a correction eroded gains since July.</p> 
<p>High inflation concerns and interest rates have acted as a bulwark for the <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/" rel="noopener noreferrer nofollow">crypto market</a>, making XRP a less risky proposition for both retail and institutional investors.</p> 
<p>Crypto Kaleo, a luminary in the digital assets realm, contends that XRP has built a resilient support level at around 49 cents. The currency is on the cusp of a rally, having severed its ties with a long-standing descending trend.</p> 
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   <p lang="en" dir="ltr">I’m long <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a>.<br><br>The USD chart has found solid support after completely retracing to the pre July SEC news levels, while the BTC pair is on the verge of a HTF breakout.<br><br>Considering the SEC’s track record this year in cases against crypto, I’m buying the blood and taking the bet… <a href="https://t.co/l5Yr5JDTGd" rel="noopener noreferrer nofollow">pic.twitter.com/l5Yr5JDTGd</a></p>— K A L E O (@CryptoKaleo) <a href="https://twitter.com/CryptoKaleo/status/1703956216794525908?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 19, 2023</a> 
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<p>The forthcoming decision on the SEC’s appeal against Ripple could ignite a significant bullish trend, not just in the XRP-USD pairs but also against Bitcoin.</p> 
<p>Speaking of Bitcoin, its diminishing market grip offers another tailwind for XRP. As more investors hunt for profitable alternatives, funds are shifting from Bitcoin to promising altcoins like XRP.</p> 
<p>Ripple, the dynamo behind XRP, is diligently working to foster the digital asset’s mainstream adoption. The firm’s latest partnerships and acquisitions augur well for XRP’s market prospects.</p> 
<p>Conclusively, XRP is not just another digital asset; it’s a burgeoning financial revolution. Ripple’s ongoing endeavors will likely ensure XRP’s leadership in the crypto bull market soon to sweep the globe.</p> 
<p>Look forward to a resplendent future for Ripple and XRP. As Ripple intensifies its strategic partnerships and acquisitions, XRP stands to become a cornerstone in the upcoming crypto bull market.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4> 
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 <li><a href="https://cryptonewsland.com/uk-inflation-anticipated-to-reach-18-6/" rel="noopener noreferrer nofollow">UK Inflation Anticipated to Reach 18.6%</a></li> 
 <li><a href="https://cryptonewsland.com/falling-us-inflation-rate-proves-boon-for-crypto-market/" rel="noopener noreferrer nofollow">Falling US Inflation Rate Proves Boon for Crypto Market&nbsp;</a></li> 
 <li><a href="https://cryptonewsland.com/saylor-urges-argentinians-to-buy-bitcoin-amid-118-inflation/" rel="noopener noreferrer nofollow">Saylor Urges Argentinians To Buy Bitcoin Amid 118% Inflation</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-halving-eyes-massive-surge-despite-global-inflation/" rel="noopener noreferrer nofollow">Bitcoin Halving Eyes Massive Surge Despite Global Inflation</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/how-high-inflation-concerns-positioned-xrp-as-a-safer-bet-for-investors/">How High Inflation Concerns Positioned XRP as a Safer Bet for Investors</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

How High Inflation Concerns Positioned XRP as a Safer Bet for Investors

Crypto News Land

Ďalšie články zverejnené 19. 9. 2023

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