🌟 $XRP Update: August 9, 2025 🌟

XRP is trading at $3.28, showing resilience after a breakout from a descending channel, driven by the Ripple-SEC lawsuit’s resolution on Aug 7 with a $125M penalty. ⚖️ BlackRock has ruled out an XRP ETF, but Bitwise, 21Shares, WisdomTree, and Canary Capital have filed for spot XRP ETFs, with Bloomberg estimating a 90% approval chance by Q4 2025. 🇨🇦 Canada and Singapore are also reviewing XRP ETF proposals, fueling optimism. 🚀

Derivatives markets are on fire, with $8.86B in futures open interest (+16%) and a 200% surge in futures volume, signaling strong bullish sentiment. 🤑 Technicals show XRP holding above $3.20 support, with $3.38 as key resistance and $4.2 as a bull target, backed by $8.6M in Deribit call bets. 📊 Can XRP break $3.38 and charge toward $4.2? #Crypto #Ripple #XRPEcosystem #Investing #CryptoMarket