XRP is trading around $2.28 - $2.30.
Current performance:
* During the day: XRP has risen between 0.19% and 0.83% in the last hour, and by 5.14% in the past 24 hours.
* Weekly performance: XRP recorded a notable increase of 9.78% over the past week.
* Monthly performance: The currency recorded an increase of 7.30% over the past month.
News and analyses:
* Strong rise: XRP has seen a significant increase of over 46% in the past three weeks, reaching a daily high of $2.36.
* Moving Average Breakout: XRP currently maintains its position above the 50-period exponential moving average on the three-dimensional chart, which is considered an important historical support level.
* Relative Strength Index: The Relative Strength Index (RSI) remains in the neutral zone between 30 and 70, indicating the potential for further gains without reaching overbought territory.
* Optimism about ETF funds: There is growing optimism in the market regarding the launch of XRP futures and spot exchange-traded funds (ETFs), contributing to the currency's price support. Estimates suggest a 78% probability of approval for an XRP spot fund in the United States by December 2025.
* Whale movement: It is rumored that the accumulation of large amounts of XRP by major investors (whales) also contributes to price support.
In summary:
XRP shows strong performance today with notable gains in the short and medium term. There is optimism supported by technical and news factors regarding the potential launch of ETF funds. However, it should be noted that the cryptocurrency market is highly volatile, and the ongoing case of Ripple with the SEC continues to impact investor sentiment.
