"The only thing standing between XRP and a real breakout now is $1.45, where roughly 60% of current holders bought in-creating a wall of break-even sellers that every rally has failed to push through."
"Together, the two catalysts change the picture for XRP. Japan gives XRP organic demand that isn't tied to speculation, and the SEC gives it the regulatory validation that large institutions have been waiting on."
"Previous XRP rallies to $1.45 were driven by retail or short-term speculation, and the sellers outnumbered them every time. The Rakuten integration and the SEC roundtable this time are pulling in different kinds of buyers."
"When U.S. institutions start buying-which is what the CLARITY Act is expected to unlock-a second wave of capital will hit the market on top of what's already flowing."
XRP's recent price rally is driven by the listing on Rakuten Wallet and the SEC's crypto roundtable, attracting institutional investment. The critical resistance level is $1.45, where many holders are looking to break even. Previous rallies have failed due to retail speculation, but the current demand is different, indicating potential for a breakout. If XRP surpasses $1.45, the next target will be $1.55. Institutional buying is expected to increase with regulatory clarity from the CLARITY Act, further supporting XRP's price movement.
Read at 24/7 Wall St.
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