Any asset that receives this massive negative news will definitely collapse and drop to zero, but XRP has managed to bounce off a key level which was at the 78.6% Fibonacci retracement level (at 0.17).
In the chart, XRP moved in an uptrend by 5 waves, then a very deep 3 waves correction, meaning 2 of 5 waves in a very large uptrend.
DM me if you are interested in what will happen to XRP in the coming weeks. But please pay attention, the information I will provide you is not for free.
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XRP looks very strong here, and might slow down a bit at 0.385, but it is not likely due to FOMO. However, wave 3 on the chart is definitely longer than wave 1, so the target must be higher.