#SECETAproval
2.3237
+2.54%
Right now, XRP is trading around $2.33, up about 2.6% in the past 24 hours—solid momentum driven by ETF buzz and technical strength.
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🚀 What’s fueling XRP’s rally today:
1. ETF hopes & institutional interest
• Grayscale recently added XRP to its Digital Large Cap Fund, boosting confidence .
• There are 10 spot‑XRP ETF applications pending in the U.S., with decisions expected by October .
2. Technical setup looks bullish
• XRP broke above the $2.20–$2.30 zone and is approaching the 200‑day moving average near $2.36, a key resistance level. A successful breakout could target $3.00
or higher .
3. On-chain activity & whale moves
• Trading volume has surged (over 180 million XRP moved on peak days), signaling renewed interest .
• That said, on-chain inflows to exchanges are near eight-month highs—some traders may be taking profits, so a drop to approx $2.14 could occur if bearish, per Glassnode data .
4. Strategic moves from Ripple Labs
• Ripple has applied for a U.S. bank charter and may secure a master account with the Federal Reserve—which would be a major legitimacy boost .
• The SEC dispute continues winding down, with Ripple recently dropping its cross-appeal—bringing clarity to XRP’s regulatory status .
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🛡️ Overview: Key Outlook
• Bullish case: Breakout above $2.36 opens the door to $3+, fueled by ETF optimism, institutional capital, and regulatory progress.
• Caution: Profit-taking and on-chain outflows could trigger a pullback to $2.14–$2.20.
• If XRP holds the $2.20–$2.30 range, the trend remains constructive.
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🧭 Final Take
Today’s XRP action is a mix of bullish fundamentals (ETF momentum, institutional adoption, legal clarity) and technical tension. It’s currently in a tighter range as the market decides whether it can break free.$XRP $ETH
ETH
2,626.8
+2.6%
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