- ‘A Chain of Blocks’, presenter says XRP is teetering on the edge.
- EGRAG CRYPTO projects $2 inbound for the embattled cryptocurrency.
- XRP’s current behavior is similar to 2021, before it surged to $2.
According to a presenter of the crypto YouTube channel ‘A Chain of Blocks’, XRP is teetering on the edge. The channel presenter referenced an X post by EGRAG CRYPTO, which projected a $2 inbound for the embattled cryptocurrency.
The presenter’s reference includes a technical analysis by EGRAG CRYPTO showing XRP’s historical performance, indicating that XRP is undergoing a retest phase following its recent breakout. According to the Chain of Block’s presenter, XRP exhibited a similar behavior in 2021 before surging to $2.
In his presentation, the channel’s host noted a recent interview where Sturat Alderoty, Ripple’s Head Attorney, addressed the current state of Ripple and XRP. According to Alderoty, several regions of the world have adopted rational regulatory frameworks that are not looking to push out innovation. He stated that those regions welcome crypto practitioners who satisfy the rigorous regulatory regimes.
Alderoty criticized t…
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