🔵 🚀 ¡$XRP rebounds 23% and reaches $3.16! Is a new all-time high coming?
📰 What happened: XRP surged 23% amid a capital rotation towards altcoins, with Ethereum leading and XRP marking one of the largest recent rebounds. The price settled at $3.16, thanks to renewed enthusiasm over ETF expectations and institutional adoption.
📈 Key catalysts:
ProShares will launch the XRP futures ETF on July 18, which has driven volume on CME ($235M in trades) ahead of the date.
Real adoption of the XRP Ledger: Real estate tokenization in Dubai and Latin American markets reinforce real use cases.
Resolution of the lawsuit with the SEC: Ripple significantly reduced the fine, and although there was a setback with Judge Torres, the market barely reacted, showing maturity among holders.
🧠 Technical indicators:
XRP surpassed the resistance zone at $2.85–2.90, although it maintains signs of being overbought: elevated RSI and ongoing bearish divergence.
Strong technical support at $2.85 – $2.70 after several breakout attempts.
