Ripple Nears End of Short-Term Correction—Traders Eye Next Move

After a volatile session, XRP shows signs of wrapping up its intraday pullback—just as the 'experts' who called the top scramble to revise their charts.

Key levels to watch: Can bulls push past resistance, or will this turn into another 'buy the rumor, sell the news' circus?

Meanwhile, traditional finance bros still can't decide if crypto is a scam or the future—maybe both, depending on their portfolio.

XRP/USD two-hour chart

Why XRP is doing so well in the last months?

The reason for recent push higher on Ripple, which has been outperforming in the last few months, is the launch of Ripple USD (RLUSD). Ripple officially launched its U.S. dollar-backed stablecoin, RLUSD, on December 17, 2024. Designed for enterprise-grade payments, RLUSD aims to improve the speed, transparency, and efficiency of global money transfers. It is backed 1:1 by U.S. dollar deposits, government bonds, and cash equivalents, ensuring strong liquidity and stability.

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