Currently, $XRP (Ripple) is trading near $2.99 USD, showing a slight increase since the previous close. Here is a complete analysis for today:
📈 Trend and key levels
In the last 24 hours, XRP has risen about +2.1%, moving between $2.84 and $2.96.
The resistance level is at $3.00, considered a crucial point; if surpassed, it could head towards $3.05–$3.40 in the short term.
🔍 Catalysts and context
1. ETF Approval: The SEC recently approved the "ProShares Ultra XRP" ETF leveraged x2, which has attracted a new wave of capital and institutional interest.
2. Technical momentum: XRP has achieved “higher lows”; a close above $2.95–$2.96 could confirm sustained bullish momentum.
3. High correlation with Bitcoin: According to CoinRoutes, approximately 90% of XRP's movement closely follows that of Bitcoin, amplifying its volatility.
⚠️ Risks to consider
Although XRP has momentum, a rejection near $3.00 could lead to pullbacks to $2.84–$2.85.
Changes in regulation, especially from the U.S. Congress (such as the rejection of the GENIUS Act), may negatively affect sentiment.
Leveraged exposure through the ETF implies greater volatility, useful for active traders but risky for long-term positions.
🧭 What should you monitor today?
Daily close above $2.96–$3.00 to confirm a breakout.
Volumes and open interest in futures following the ETF approval.
Macro and regulatory news that could affect XRP's liquidity and market skin.
✅ In summary
XRP is trading at ~$2.99, with a relatively positive outlook: technically it is in a bullish trend and has the momentum from the leveraged ETF. However, it remains in a critical resistance zone. The key will be whether it can surpass the $3.00 threshold; otherwise, it could correct towards nearby support levels.