#XRPETF

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 2.30$ and the following one.

Technically, the XRP/USD pair price remained stable within a range between 2.19$ and 2.21$ , 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 $2.30, which has long represented a strong resistance area, if the price successfully breaks this barrier strongly, it may continue its upward trajectory aiming for 2.36$ and 2.42$ successively in the near term; thus, the MACD indicator starting to stabilize indicates the possibility of a slight price retracement that may pave the way for further declines.