The XRP community is buzzing after renowned financial expert Gary Cardone posted a cryptic tweet that hints at a significant development for the cryptocurrency. Known for his motivational style and expertise in sales, Cardone used a military metaphor, stating:
“XRP – LAUNCH PAD IS: Green… Proceed with launch codes.”
This intriguing message has fueled speculation among XRP enthusiasts, with many trying to interpret what lies ahead for the token.
Community Reaction – Optimism vs. Skepticism
Cardone’s rare mention of XRP—his first in six months—has sparked excitement among supporters. Influential XRP backer Zach Rector suggested that Cardone’s message signals growing acceptance:
“Gary is coming onboard the XRP train,” he said, implying that new, influential voices are recognizing XRP’s potential.
John Eiid, another XRP advocate, echoed this optimism. He criticized those missing out on XRP’s future growth, saying:
“XRP is about to take off, and only those open to change will benefit.”
However, not everyone shares the bullish sentiment. Bitcoin advocate David Branscum viewed Cardone’s tweet as reckless, suggesting that Cardone was swapping cash for something “even more worthless.” Others joined in with humor, sharing memes mocking the idea that XRP would remain stagnant around the $0.50 mark, dismissing the excitement as overhyped speculation.
XRP’s Technical Momentum Signals Potential Upside
Despite divided opinions, XRP’s recent market performance points to positive momentum. At the time of writing, XRP is trading at $0.5544, reflecting a 2.6% increase over the past 24 hours. Additionally, the token’s trading volume surged by 15.15%, reaching 1.93 billion, suggesting heightened investor interest.
XRP’s week-long upward trend has led to a 6.7% gain, reinforcing hopes of further growth. Technical indicators also favor the bulls—most notably, the Moving Average Convergence Divergence (MACD) recently flipped to a bullish signal. The MACD’s green histogram bars above the neutral line indicate increasing positive momentum.
Key Resistance and Support Levels to Watch
If the bullish momentum continues, XRP could face resistance at the September 29th high of $0.6649, a level untested for two weeks. Breaking past this resistance would open the door to the March 2024 peak of $0.7429, a key target for XRP bulls.
On the downside, a correction is still possible. In that scenario, XRP could find support within the Fair Value Gap (FVG) range of $0.4780 to $0.5136. Additionally, the September 6th low of $0.5000 could act as a crucial support level if the price dips further.
Also Read: Ripple’s CEO Reveals – RLUSD To Enhance XRP’s Liquidity By 30% While Tackling SEC Hurdles!
Gary Cardone’s enigmatic tweet has certainly reignited interest in XRP, though opinions remain split between optimism and skepticism. With XRP showing signs of upward momentum, technical indicators favor a bullish outlook in the short term. However, traders should remain cautious, as key resistance levels could still pose challenges.
As the community awaits further clarity on what Cardone’s “launch” truly means, the coming weeks could be pivotal for XRP’s price trajectory. Whether it soars or corrects, all eyes are now on this highly anticipated move.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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