XRP Is Set for Major Moves as CryptoTradingFund (CTF) Integrates Amazon Rewards on the XRP Ledger
- Mary-Kate OlsenOriginal
- 2024-11-02 10:06:19364browse
Bitcoin dominance tests key resistance and global liquidity is on the rise. XRP is primed for a breakout in similar historical patterns to 2017.
CTF integrates Amazon rewards on XRP Ledger, promising to bridge digital assets and mainstream retail.
This move expands the XRP Ledger ecosystem and highlights the growing adoption of blockchain technology in everyday consumer activities, bringing real-world value to the XRPL.
Bollinger Bands on the monthly XRP /USD chart indicate a potential breakout, with the narrow price range suggesting a buildup of energy for a significant price movement.
Historically, such breakouts have led to substantial gains, as observed in 2017 with a bull run to all-time highs following a breakout.
Rising global liquidity, as indicated by the Federal Reserve's shift in monetary policy, bodes well for XRP, given its close correlation with global liquidity.
Past bull runs in 2017 and 2020 were fueled by rising liquidity, leading to massive gains for XRP.
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