๐จ XRP Records Its Highest Price Since 2018: Reaches $3.40 Amid Strong Institutional Momentum!
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๐ Movement Details:
โ XRP price increased by 10% in 24 hours, reaching $3.40, matching its highest historical level since 2018
โ Market capitalization temporarily exceeded $200B, making it the third largest digital asset globally
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๐ฆ Reasons for the Rise:
โ Launch of XRP-specific ETF funds from companies like ProShares and Grayscale
โ Accumulation of over 2.2 billion XRP by whales over two weeks
โ Increase in open interest in futures to $10B, indicating strong institutional momentum
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๐ก Why Does It Matter?
โ Paves the way for breaking through new resistance levels between $3.50โ$3.84
โ Strengthens XRP's legitimacy as a store of value and cross-border payment tool
โ Shows that the current momentum is driven by strong fundamentals, not just speculation
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โDo you think XRP will continue to rise towards $4 or even $5 this month?
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