XRP is currently trading at $2.64, with a market capitalization of $147.92 billion. Recent news includes ¹ ² ³:
- *Institutional Interest*: XRP has seen increased institutional interest, with Ripple-backed Evernorth planning to go public on Nasdaq through a merger with Armada Acquisition Corp II, expected to raise over $1 billion.
- *Price Movement*: XRP recently broke out of a symmetrical triangle pattern, sparking interest among traders and analysts. Some predict a potential price surge to $3-$3.45.
- *Regulatory Developments*: The SEC's pending ETF decisions and potential regulatory clarity under new leadership could impact XRP's price and adoption.
- *Partnerships and Adoption*: Ripple's acquisition of Hidden Road and rebranding to Ripple Prime signals growing institutional interest in XRP.
- *Market Sentiment*: XRP's price is influenced by broader market trends, with traders watching key support levels at $2.61 and resistance at $2.68.
