#XRPETF Main Points:

Brazil launches the XRPH11 fund that tracks the Nasdaq XRP index.

95% of the fund's assets have been allocated to XRP.

The launch of the fund contributes to enhancing institutional adoption of the currency outside the United States.

XRP price movements suggest the possibility of breaking the barrier of 2.30$ and what follows.

Technically, the XRP/USD pair price remained stable within a range of 2.19$ to 2.21$ , continuing its path above its upward trend line extending since mid-April; this coincided with the stability of the 50-day Exponential Moving Average (EMA-50) at $2.18.

While the price faces resistance at the $2.30 barrier, which has long represented a strong resistance area, if the price manages to break this barrier strongly, it may continue its upward journey targeting 2.36$ and 2.42$ consecutively in the foreseeable range; thus, the MACD indicator's initiation of stability indicates the possibility of a slight price retreat that may allow for further declines.