XRP is back in the game - what's happening?
Today XRP is confidently rising: the price reached $3.43, which is +5% higher than a day ago. The coin is back in the spotlight for traders and investors.
Why is it rising?
New laws have been enacted in the USA that ease the operations for cryptocurrencies. This has given a boost to the entire market.
An ETF launch for XRP is expected, which could attract major players and further increase the price.
What's on the chart?
XRP broke through the important level of $3.40, and now the nearest target is $4.00.
Over the week, the increase was almost +16%, as seen in the chart below:
What are the major holders doing?
One of the founders of Ripple transferred $26 million in XRP - this has heightened interest in the coin.
More than $10 billion in positions are open in futures - a sign of activity among major players.
Conclusion: if XRP holds above $3.40 - there are chances to see the price around $4.00–5.00 in the near future.
