Crypto CEO is very bullish on XRP price, sets make or break point cryptoforbs

After its victory over the US Securities and Exchange Commission, the price of XRP showed bullish sentiment, effectively attracting the attention of long-term investors seeking to buy and hold for more profits. In light of this, the cryptocurrency CEO revealed his view on the bullish outlook for XRP, acknowledging the upside potential in the future.

Crypto CEO Admits Possibility of XRP Bull Run

The market sentiment surrounding Ripple Labs’ native token, XRP, has taken a tough turn An upward trajectoryWhich increases investors’ confidence and expectations of the possibility of upward growth.

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Matthew Dixon, CEO of Evai, a popular cryptocurrency evaluation platform, recognized and highlighted this shift in market sentiment and broadcast his remarks about the bullish position of the token on X (formerly Twitter). mail Friday.

a Rising prices The price of XRP may be inevitable according to Dixon who used market insights from well-known sources Crypto market analysts Who were bullish on cryptocurrencies as a basis for his belief.

“Listening to other market commentators, I’ve heard a lot of optimism about XRP. They may be right,” Dixon said.

XRP price still holding at $0.51 support | Source: XRPUSD on Tradingview.com

Dixon is exercising caution amid bullish sentiment for XRP price

middle background Crypto market fluctuations And Regulatory uncertainties Plaguing the XRP ecosystem, the cryptocurrency’s bullish trend comes as great news for the XRP community and its investors.

There have been many Price forecast For XRP token. Some market analysts have predicted that the price of XRP could see a rise of up to $250. Another analyst also expected prices to rise 2500% for the XRP token, pushing the cryptocurrency as high as $20 in the future.

Uptrend for XRP It took effect after its victory over the Securities and Exchange Commission (SEC) when U.S. District Judge Analisa Torres ruled to rule In favor of XRP, noting that automated XRP sales do not qualify as securities.

Market watchers are currently closely monitoring the price of XRP and developments in its ecosystem. Cryptocurrency has had its fair share of… Gains And losses this year. Therefore, it remains to be seen whether XRP is able to maintain its bullish sentiment.

Dixon stated that he will remain cautious about XRP’s bullish momentum while waiting for more convincing evidence of future upside. The cryptocurrency CEO explained that he will remain a short-term investor to avoid major losses. However, he stated that he is also open to being a long-term investor in XRP if the upside potential remains strong and the audible resistance is overcome.

“I would remain cautious until the overall resistance is convincingly broken. If so, I am happy to buy but until then, short trades with tight stops are favored,” Dixon said.

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