#XRPETF XRP has gained roughly 8% over the past seven days. Earlier in the week, the world’s first XRP ETF was launched in Brazil. Despite the positive momentum, XRP remains caught in a tight trading range, with key resistance and support levels still defining its short-term outlook.

Recent indicators, including the RSI rebound and a slightly bullish Ichimoku Cloud structure, point to cautious optimism.

XRP’s RSI Rebounds: What It Means for the Price Action

XRP’s Relative Strength Index (RSI) currently stands at 58.36, rising from 47.34 earlier today but still down from 77.7 reached four days ago.