The price of XRP is retracing along with the cryptocurrency market in general, trading at $2.87 today, July 15, with a drop of 3.29% in 24 hours.
Despite this drop, a bullish convergence on the daily chart and in the XRP/ETH ratio indicates the possibility of a rally towards $4.50 in the short term.
The likelihood of these gains occurring is notably high given the institutional demand, reflected in the milestone of $284 million reached by the Tecrium XXRP ETF.