XRP Could Rise to $3.2 After Bullish Breakout.

Bloomberg’s ETF expert, Eric Balchunas, shared recently that the odds of approval have surged to 85% as of this year. Seven different asset management companies, including Grayscale, Canary, and Bitwise, have filed an application for an XRP-linked investment vehicle.

Looking at the daily chart, XRP remains above its 200-day exponential moving average (EMA), meaning that its uptrend is intact despite the latest weakness that the crypto market has experienced.

The price recently broke above the 21-day EMA as well with strong volumes, indicating that the token’s short-term outlook has now turned bullish.
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