XRP RED ALERT!!

XRP Update

XRP is showing strength, continuing a symmetrical triangle pennant pattern.

• Recent rejection from $250 to $230 was less than a 10% move, indicating decreased volatility.
• News of Bank of America adding XRP to their website and updating information on RLUSD has increased demand.

Market Outlook

• The host is "irresponsibly long" on XRP with 125x leverage, but also has larger, lower-leverage positions.
• They predict a potential breakout ahead of inauguration day, citing increased airtime on financial channels and potential pro-crypto legislation.
• FTX distributions of $7 billion in cash may lead to increased buying of XRP.

Trading Advice

• The host advises trading with caution, especially with high leverage.
• They recommend doing your own research and being prepared for volatility.
• A link to BTCC is provided for those who want to trade XRP, with a 10% deposit bonus and lower trading fees.