Good Idea To Buy Xrp

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Good Idea To Buy Xrp

Is It A Good Idea To Buy Xrp Under $4?

If you have kept your eyes glued on the Bitcoin (BTC), you may have missed the XRP, which delivers an even better breakout. XRP has moved from around 0.52 to a high of $2.73 in a matter of few days.

Right now, XRP is trading at its 7-year high and has already crossed the Solana to become the #4th coin in terms of market cap. Now, many are wondering if the XRP is still a buy at these levels or not!

Trump Administration Will Be Pro-Crypto

The bigger relief for the XRP came from the fact that Donald Trump is becoming the next president. The perception is that Trump's policies will be pro-crypto, which will also help the XRP token.

In addition, Ripple was under a major lawsuit against the SEC. However, that could also disappear now that Trump will be joining the office very soon.

Gary Gensler, SEC head, will be stepping down, which means the Ripple now has a bright future ahead of it. Everyone thinks that SEC may end up not persuing the regulatory proceedings against the XRP.

Trump is also expected to create the CFTC, also known as the Commodity Futures Trading Commission. It will be responsible for the crypto regulation and will be a relief for many crypto firms.

It's been years since the SEC has continued its anti-XRP and anti-cryptocurrency actions. Now that the SEC is going through a reshuffle, it will be good news for the XRP.

Now, the real question is about the worth of the XRP and whether it can move higher from current levels. According to bulls, XRP is now headed to the highs near $3.84.

more extreme bullish forecast shows that the XRP will cross the $20.00. Now, that's many times higher than the current trading levels and seems out of reach. In fact, one long-time trader has also set a price target of $24.00 for the XRP.

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