#XRPETF In brief

XRP breaks a major technical resistance by surpassing $0.57, marking a decisive turning point for the asset.

Positions on XRP have been liquidated, revealing a strong imbalance of 69% in the derivatives market.

The break of resistance triggered a wave of hedging purchases, amplifying the initial price increase of XRP.

The maintenance of momentum will depend on the ability of volumes to support the bullish pressure observed in the market.