XRP might be gearing up for a significant surge as hopes for a possible U.S. ETF approval grow.
Growing Interest in XRP and ETF Expectations
Experts anticipate a sharp increase in XRP's value given expectations of a U.S. ETF approval focused on XRP. This could trigger a sudden buying pressure and notably increase the asset's price.
Current XRP Market Situation
According to Coinglass, XRP trading activity has increased despite its price consolidation. Recent liquidations reached $4.45 million, with $2.15 million from buyers and $2.3 million from sellers. Fundamentals remain positive with funding rates at 0.0044%, indicating buyers' advantage.
XRP Price Prospects
XRP has been trading below moving averages since February 4, with a price range between $2.32 and $2.51. If the price breaks above the trend line, it could trigger strong buying pressure, raising the price to $3.4 and potentially to $4.
XRP could see significant gains upon ETF approval, supporting further interest in the asset.
