As of late Tuesday evening (around 8:17 PM PKT on April 29, 2025), XRP ($XRP ) is trading around $2.27 - $2.28.

Short-Term Analysis: Technical analysis suggests a neutral to cautiously bullish outlook in the very short term. While some indicators point to potential upward momentum and a possible breakout above the $2.40 resistance, others remain neutral. The price is currently holding above key moving averages on the daily timeframe, which could act as support.

Key Factors: The upcoming launch of XRP futures ETFs by ProShares on April 30th in the US is generating positive sentiment and could influence price action. Additionally, the fact that Brazil has already launched a spot XRP ETF (XRPH11) adds to the anticipation for similar developments in other regions.

Considerations: Despite the positive catalysts, XRP's price can be volatile. Traders should monitor key support levels (around $2.20 - $2.22) and resistance levels (around $2.35 - $2.40). Increased trading volume on upward moves will be crucial for a sustained rally.

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