XRP has once again captured market attention due to institutional interest and a price that remains above $3.00 amidst ETF approval delays from the SEC.
XRP Maintains Price Above $3.00 Amid ETF Uncertainty
XRP successfully surged past the $3.00 mark and continues to hover in the $2.98–$3.02 range. Analysts view this as a bullish sign, especially in light of significant trading volumes and accumulation of tokens. Recently, XRP's trading volume surged six times the daily average, indicating strong accumulation despite ETF uncertainties.
The SEC recently postponed decisions on multiple ETF proposals, including those related to both Ethereum and XRP. However, market data suggests over a 90% chance of XRP ETF approval by year-end, creating optimism in the market.
XRP Price Projections and Institutional Investments
With XRP futures open interest at $7.94 billion and whale transactions pushing prices above $3.00, analysts now anticipate potential breakout targets at $3.60. Technical indicators suggest a breakout above $3.02 could lead to short-term targets of $3.20 and $3.60. The influx of liquidity and expectations of a Fed rate cut also support XRP’s position in the market, making it one of the most compelling assets among altcoins.
BullZilla Presale: Key Achievements and Retail Investor Interests
Amid XRP's dominance, the retail sector is rallying behind BullZilla ($BZIL), a meme token with DeFi mechanics that is achieving significant milestones in its presale. Built on Ethereum, BullZilla merges meme appeal with utility, attracting investor interest. To date, over 23.4 billion tokens have been sold, and growing community engagement indicates promising prospects for market entry.
XRP continues to show resilience amid regulatory delays, supported by strong institutional positioning and record whale activity. Meanwhile, BullZilla emerges as an engaging project on the retail side, embodying new models and approaches within the cryptocurrency sector.
