$XRP / USDT Market Update 🚦

XRP is currently trading at $2.38 with a 2.96% increase, boasting a market capitalization of $128.02 billion. The token's price is knocking on the 50- and 100-day EMAs confluence resistance at $2.21, amid gains in the broader crypto market ¹.

*Key Market Indicators:*

- *Current Price*: $2.38

- *Market Capitalization*: $128.02 billion

- *Open Interest*: Increasing, signaling renewed interest in XRP's uptrend

- *Long-to-Short Ratio*: 1.0218, indicating a bullish bias

*Recent Developments:*

- *Ripple's Market Report*: Ripple held 4.56243 billion XRP as of March 31, marking a 1.7% increase compared to the end of the fourth quarter of 2024

- *SEC Settlement*: XRP price could hit $3 on a potential $50 million settlement agreement between Ripple and the SEC

- *Whale Holdings*: Large volume holders are increasing exposure to XRP, with a 1.75% increase in holdings, signaling growing confidence

*Technical Analysis:*

- *Resistance Level*: $2.21, established by the 50-day and 100-day EMAs

- *Potential Breakout*: Above $2.21 could lead to a surge towards $3

- *Relative Strength Index (RSI)*: Above the midline of 70, emphasizing the short-term bullish outlook ² ³