Reserve Rights 價格RSR

😟 Top Losers Today: $XDC $WHY $HT $OXT $XLM $RSR $XTZ $LUNA $VELO $GPU $LON $DGB $TURBO 📉 Not all coins are flying in the bull run. Are you hodling or cutting losses? #Cryptocurrency

😟 Top Losers Today: $XDC $WHY $HT $OXT $XLM $RSR $XTZ $LUNA $VELO $GPU $LON $DGB $TURBO 📉 Not all coins are flying in the bull run. Are you hodling or cutting losses? #Cryptocurrency

😟 Top Losers Today: $XDC $WHY $HT $OXT $XLM $RSR $XTZ $LUNA $VELO $GPU $LON $DGB $TURBO 📉 Not all coins are flying in the bull run. Are you hodling or cutting losses? #Cryptocurrency

Why Is XRP Going Up ? Ripple Price Jumps 150% in Two WeeksAs Bitcoin (BTC) price rallied above $99k in the last 24 hours, the altcoin market, led by Ripple Labs-backed XRP, registered significant volatility. For the first time since early 2021, XRP price pumped above $1.4, following a 27 percent upsurge in the last 24 hours.  In the last two weeks, XRP price has surged over 150 percent, thus its fully diluted valuation reaching a multi-year peak of about $140 billion. Consequently, XRP has now dethroned the leading memecoin, Dogecoin (DOGE), to rank as the sixth largest digital asset by market valuation. Factors that Influenced XRP RallyEnd of an Era in US SEC’s Top Seat The main reason that XRP price experienced a sharp uptick in the last 24 hours was the resignation announcement by current US SEC chair Gary Gensler.  With US President-elect Donald Trump seeking to appoint a crypto-friendly chair of the SEC, Gensler announced that he will step down on January 20. Although expected, the announcement was a huge relief to the XRP community, following the recent appeal of the SEC vs Ripple lawsuit. Short Squeeze Impact In the last 24 hours, the cryptocurrency-leveraged market registered a total of $406 million in forced liquidations. The majority of the rekt crypto investors involved short traders, thus magnifying the impact of the ongoing short squeeze. Notably, more than $25 million was liquidated from XRP leveraged markets.  Consequently, more traders have been longing for XRP price, following a successful bullish breakout from a multi-year symmetrical triangular pattern. Moreover, XRP’s weekly Relative Strength Index (RSI) has surged above the 70 percent level for the first time since April 2021, signaling the return of the bullish sentiment. Rising Demand from Whale Investors The XRP open interest (OI) has surged above $2.1 billion for the first time this year, as the instrument rallied above crucial midterm targets. The demand for XRP has significantly spiked as shown by its daily average traded volume, which hovered around $17.3 billion earlier today. According to on-chain data analysis, XRP whales have aggressively accumulated in the recent past amid anticipation of legal clarity in the United States in the near term. $XRP $RSR

📌RSR SEEMS STRONG BULLISH MOMEMTUM📈 The RSRUSDT analysis update is looking promising, with several indicators suggesting a potential bullish trend. The current price of RSRUSDT is 0.007032 USDT, with a 5.88% increase in the past 24 hours. Technical Analysis Some analysts believe that RSRUSDT is setting up for a major breakout, with a potential target of 0.02150 and 0.03750. The Relative Strength Index (RSI) is hovering around 45, indicating a somewhat neutral market sentiment. However, the MACD shows a slight bullish crossover, signaling increased buying momentum. Key Levels to Watch - Resistance: 0.005624 and 0.007841 - Support: 0.004070 and 0.0045 Trader Sentiment The community is divided, with some considering it a strong buy and others a strong sell . Some traders are expecting a bullish momentum, with targets at 0.009108, 0.010743, and 0.011816. Potential Scenarios - Bullish Breakout: A breakout above the previous lower highs could confirm the bullish trend. - Bearish Reversal: A fall below the support level could lead to testing the lower support. Keep in mind that cryptocurrency markets are highly volatile, and predictions are subject to change. Always do your own research and consider multiple sources before making investment decisions. You can find more information and analysis on BITGET. $RSR