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Ripple (XRP) could see a turnaround by the end of March, driven by technical analysis and ETF hype.

 

From a technical standpoint, FX Street notes that if XRP continues to decline to $0.5758, it would mark a 78.6% Fibonacci retracement from its 2024 peak, potentially signaling a point for recovery. Moreover, indicators such as the relative strength index (RSI) hovering around 52, indicating neutrality, and the Awesome Oscillator (AO) suggesting positive momentum for a correction, add to the case for a short-term increase in XRP value.

 

 

 

 

The ongoing hype surrounding ETFs in the digital asset market further fuels optimism. With Bitcoin’s ETF success, attention now shifts to potential candidates for similar investment vehicles. While regulatory concerns persist for Ripple, voices like Ripple CEO Brad Garlinghouse and Uphold Bank executive Martin Hiesboeck express confidence in the possibility of an XRP ETF hitting the market soon. Such discussions could significantly impact XRP’s price in the near future, especially considering the broader implications for the digital asset market as a whole.

 

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