XRP Must Push Past $3.40 To Confirm Uptrend – Analyst
The XRP market surged by 11% following the SEC's acknowledgment of Grayscale's XRP ETF filing, reaching a peak of $2.81 before retracting to $2.39. To maintain bullish momentum, XRP must close above $2.75, a significant resistance level, and subsequently above $2.94 to suggest further upward potential towards $3.22. A close above $3.40 is necessary to confirm a definitive trend shift. Currently, XRP trades at $2.73, reflecting a 6.43% gain in 24 hours and a 13.78% increase over the past week, with trading volume up by 66.61%. Community sentiment remains bullish, particularly with the potential for an XRP ETF approval, which could attract institutional investment similar to Bitcoin Spot ETFs. The SEC has a review period of 45 days, extendable to 240 days, for the ETF application.
