$XRP

XRP is currently around 3.01 US dollars and has managed to hold just above the important support at 2.90 US dollars. The last 24 hours showed an increase of about 3%, while trading volume and institutional activities, such as reports about JP Morgan, are generating additional attention. From a macro perspective, there are fresh impulses: Fed Chief Jerome Powell hinted at a possible rate cut in September at Jackson Hole, which is seen as fuel for riskier assets like cryptocurrencies. At the same time, speculation is rising that XRP could be one of the next candidates for an ETF approval – supported by regulatory clarity following the SEC settlement as well as ongoing Ripple partnerships in the banking sector. Analysts are speaking in this context of a medium-term potential of up to eight US dollars, should the momentum strengthen. In the short term, it remains crucial whether XRP can sustainably break through the three-dollar mark. If successful, 3.40 US dollars and later the all-time high of 3.66 US dollars come within reach. However, if the support at 2.90 US dollars breaks, a pullback to the range of 2.75 to 2.66 US dollars is conceivable. Thus, this week is decisive for XRP – investors should closely monitor both the upcoming Fed statements and possible ETF signals.