Ripple’s native cryptocurrency XRP has shown major strength during the crypto market pullback, despite a 400% gain amid rising hopes of an XRP ETF launch. Ripple price is currently trading in a bull-flag pattern and eyeing a breakout to the $3.5 level.
Despite the current pullback, XRP is still trading 44% up on the monthly chart. Following Donald Trump’s victory on November 5, Ripple’s native crypto has continued to rally. Some analysts predicted XRP’s mega bull run to $10 and beyond on the end of Ripple vs SEC lawsuit.
Key Factors Influencing Ripple Price Rally Ahead
Ripple’s XRP Shows Strength on Technical Chart
Last week, following Bitcoin’s all-time high of $108K, the crypto market crashed leading to a strong drop in BTC as well as the rest of the altcoin market. Amid the broader market sell-off, Ripple price bounced back from the lows of $2 and is holding the crucial support of $2.18 as of press time.
On the technical chart, XRP is making a bull flag pattern and could
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