XRP has gained attention as ETF hopes continue to drive positive sentiment in the market.
Optimism Surrounding XRP and ETFs: What's Happening?
XRP surged to $2.7 following the U.S. SEC's call for public comments on XRP ETF applications from firms like Canary Capital, CoinShares, and WisdomTree.
XRP Price Analysis: Breakout Expectations
Analyst EGRAG CRYPTO highlighted XRP's bullish momentum as it bounces within an ascending triangle targeting resistance around $2.83. The critical range to watch is between $2.90 and $3.10, and a break above $3.10 could lead the asset back to the multi-year high of $3.4.
Impact of International Factors and Regulation
The potential positive resolution of the SEC vs. Ripple case and the approval of the first XRP ETF in Brazil could further support the asset's price surge.
With renewed interest in XRP driven by ETF optimism, traders continue to monitor key levels that could lead to significant price growth.
