$XRP
XRP is currently trading at $2.30, with a 2.79% increase in the last 24 hours. The recent surge is attributed to several factors ¹:
- *ProShares XRP Futures ETFs Approval*: The approval of ProShares XRP Futures ETFs, launching on April 30, is expected to offer indirect XRP exposure to investors, potentially driving demand.
- *Whale Accumulation*: Large investors buying the dip reduces sell pressure and indicates growing interest in XRP.
- *Technical Breakout*: A falling wedge pattern suggests a potential target of $3.63, representing a 55% upside.
It's essential to note that XRP's market performance is influenced by various factors, including market sentiment, regulatory developments and overall cryptocurrency trends.
*Key Statistics:*
- *Market Cap*: $134.77 billion
- *24-Hour Trading Volume*: $4.2 billion
- *Circulating Supply*: 58.44 billion XRP
- *Total Supply*: 99.98 billion XRP
XRP's price performance is closely watched by investors, with its recent rally extending over 46% in three weeks. However, the current price is still below the all-time high of $3.84 reached in January 2018 ¹.