XRP Rallies to 12-Month High as ETF Speculation Fuels Altcoin Frenzy

XRP surges 47% in May alone—because nothing says ’sound investment’ like betting on regulatory loopholes and Wall Street’s sudden affection for crypto ETFs.

Ripple’s token defies SEC woes with its best performance since 2023, as traders pile into the ’approved-but-not-really’ asset class. Meanwhile, Bitcoin maximalists sharpen their knives.

The real winner? Exchanges collecting fees while gamblers chase the next shiny regulatory approval rumor.

XRP Needs to Break Above $2.4 to Confirm a Bullish Short-Term Outlook

Heading to the daily chart, XRP recently broke above its upper trend line. Momentum indicators have been improving as the Relative Strength Index (RSI) has been trending higher while the MACD’s histogram is still in positive territory.

Moreover, the price has now jumped above the 21-day EMA. One encouraging technical indicator that favors a bullish outlook for XRP is the fact that the price bounced back right after it broke below its 200-day EMA.

This is a long-term trend indicator. When the price is above it, it means that the asset’s outlook is bullish. This strong bounce after a bearish breakout shows that buying interest is still strong.

This recent bullish breakout has given us a short-term price target of $3.2 for XRP based on the descending price channel’s height. If the price breaks above its point of control (POC), which is the price level where the highest trading volumes have occurred, would confirm an upcoming push to this target.

As the market’s outlook continues to improve, the best crypto presales like SUBBD (SUBBD) will likely outperform well-established tokens like XRP, as early buyers can get their hands on these tokens at discounted prices.

SUBBD (SUBBD) Raises $300,000 to Launch its Decentralized Content Distribution Platforms

SUBBD (SUBBD) aims to give influencers the upper hand by allowing them to keep a higher share of their earnings with the help of a blockchain-based solution.

With the help of blockchain technology, these influencers can distribute both original and AI-generated content without restrictions and with the help of sophisticated software.

Creators will no longer have to deal with time-consuming administrative work and they can generate passive income with the help of AI. They will also be compensated more fairly and can participate in the platform’s success by holding SUBBD tokens as a long-term investment.

Meanwhile, fans who own SUBBD will receive discounts, early access to new features, and additional perks to increase the demand for the token.

To buy SUBBD during its presale stage, simply head to the SUBBD website and connect your wallet. You can either swap USDT or ETH for this token or use a bank card to make your investment.

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