XRP Soars Amid SEC Optimism, Eyes on $2 Milestone

XRP has surged over 230% in two weeks, reaching its 2021 highs, driven by increased trading activity and liquidity flow. This rapid ascent has led to significant market volatility, with analysts suggesting a cautious approach for traders considering new long positions. They recommend waiting for a potential pullback to the $1 to $1.20 range for a more strategic entry point. The current market dynamics highlight the importance of timing in cryptocurrency trading, as dense liquidation levels around $1.52 and $1.6 could signal potential reversal zones.