Latest updates on XRP
1. Strong rise followed by slight pullback
XRP has seen a 9% increase, approaching the $3 level, supported by a significant rise in trading volume and improved network activity, as well as a positive impact from Federal Reserve policies and new institutional flows. (CoinDesk)
2. New payments raise the price to $3.10
The cryptocurrency market has seen a strong push following speculation about the launch of ETF funds, increasing investor interest and driving XRP up more than 10% to $3.10 in a single day. (AInvest)
3. Anticipate a technical breakout at the resistance level
XRP is currently trading around $3.05, and speculators are watching for a breakthrough above the resistance level at $3.10, which could pave the way for a new upward movement if supportive technical signals materialize. (The Tradable)
4. ETF funds return to the spotlight
Ripple has made some updates regarding XRP fund requests to the U.S. Securities and Exchange Commission (SEC), reigniting discussions about the potential approval of ETFs in the future. (The Street)
5. End of the legal battle with the SEC
The Ripple and SEC case has officially ended, following a settlement agreement that includes a $125 million fine and confirmation that the sale of XRP through public platforms is not considered a security. This decision has eliminated much of the legal ambiguity that could have hindered the project. (Reuters)
Overview:
CategoryDetailsPriceSudden rise with resistance pressure at $3.10TriggerETF developments and improved regulatory policiesTechnical challengeBreaking the resistance will lead to new upward momentumLegal statusSettling the case with the SEC reduces regulatory risks and increases XRP's appeal
#ETHBreaksATH #BNBATH900 #CryptoRally #AKEBinanceTGE #StrategyBTCPurchase