XRP Primed for 230% Rebound? Analysts Spot Eerie Parallels to Bitcoin’s Post-ETF 20% Plunge
History might be repeating itself—but this time with an altcoin twist. XRP is flashing uncanny similarities to Bitcoin's behavior after its ETF debut, when BTC slumped 20% before roaring back. Now, charts suggest XRP could be gearing up for a 230% recovery rally.
Market watchers are split: Is this the mother of all buy signals, or just another hopium-fueled headfake? One thing's certain—traders love a good 'I told you so' moment, even if it means ignoring three red flags and a regulatory warning.
As Wall Street's crypto tourists scramble for patterns, remember: Technical analysis works until it doesn't—usually right after you YOLO your rent money.
A market analyst believes XRP is following the same pattern Bitcoin observed after its spot ETFs launched, which could lead to an impressive recovery push. Canary Capital XRP ETF (XRPC) recently launched as the first pure spot XRP-based ETF product, and its performance beat expectations.
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