The SEC — the organization that most often says “no” to all fun ideas — suddenly APPROVED the ETF on XRP from ProShares Trust!
And guess what? XRP instantly turned into the new hot cake. The price soared above 2.2 USDT and confidently settled around 2.237. A true crypto renaissance, only without the musketeers, but with millions of traders on Binance.
Now — market analysis for adults:
1. Trading volumes exploded:
The volume of XRP on the largest exchanges increased almost threefold. This is a classic sign not only of FOMO (fear of missing out on profits) but also of real demand from institutional investors who are starting to accumulate positions in advance.
2. Technical analysis on the charts:
• XRP confidently broke through the resistance around 2.1 USDT, where limit orders had been standing for almost two years.
• The next important zone is around 2.5–2.6 USDT — this is where the bear crash started in 2018.
• RSI (Relative Strength Index) is above 80, which usually signals overbought conditions… but against the backdrop of ETF news, this rather indicates warming up the engine, not a stop.
3. Expectations before the listing on April 30:
Traditionally, two scenarios are possible with such news:
• “Buy the rumor, sell the news”: profit-taking may occur by April 30. Smart money bought the rumor — will sell on the fact.
• Or super bull run: if new money starts coming in (especially funds that couldn't buy crypto without an ETF), XRP may try to reach historical highs.
4. Macroeconomics in the plus:
Against the backdrop of a weak dollar and strong demand for alternative assets, crypto as a whole is getting a good tailwind. And with a president who is finally saying “America first” again, we have a chance that cryptocurrencies will be left alone — at least for a while.