#Xrp🔥🔥 What about an #XRP_ETF ? 😇 Exciting developments are unfolding for #Ripple and Beoble in the crypto space. Beoble, a #Web3 social platform, recently completed a $3 million funding round. The funds will enhance user experiences, develop new features, and initiate buybacks. On May 29, Beoble also revealed that Ripple participated in another funding round, aiming to launch services on the XRP Ledger (#XRPL ) for secure, decentralized wallet-to-wallet communication.

Meanwhile, Ripple ($XRP )

has shown strong market performance. After finding support at $0.42, XRP surged past significant resistance levels, including the 200-day moving average (MA) at around $0.54. This bullish momentum was driven by increased buying interest near the $0.42 support region, leading to a breakout above the multi-month descending channel’s middle boundary and reclaiming the 100-day MA at $0.50.

Currently, XRP faces substantial resistance at the $0.54-$0.55 range, where selling pressure is high. Breaking above this level could lead to a sustained bullish trend towards $0.60. However, a consolidation period is expected in the mid-term due to potential supply near this critical level.

On the 4-hour chart, XRP's bullish trend was driven by demand near $0.40, resulting in a breakout above $0.48 and surpassing a multi-month descending trendline. Now, XRP encounters resistance around $0.58, a level that previously caused rejections. Successfully breaching this resistance could extend the bullish trend towards the $0.62 and $1.00 zone.

These positive developments for Ripple and Beoble highlight the potential for growth and innovation in the crypto industry. Stay tuned as these exciting projects continue to evolve and drive the market forward!

$XRP 😀