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

95% of the fund's assets are 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 2.3015932071128 and beyond.

Technically, the XRP/USD pair price has remained stable within a range between 2.1915932071128 and 2.2115932071128, continuing its path above its upward trend line that has been in place 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 barrier of $2.30, which has long represented a strong resistance area, if the price successfully breaks this barrier strongly, it may continue its upward trajectory targeting 2.3615932071128 and 2.4215932071128 consecutively in the foreseeable future; thus, the beginning of the MACD indicator stabilizing suggests the possibility of a slight price decline that may pave the way for additional retracements.