🚀 $XRP +12 % after record on-chain volume, ETF flows, and possibility of breaking up to $6
XRP surged 12 % to approximately $3.30, driven by:
Record on-chain volume: A 500 % increase in settlement volume was recorded, processing over 844 million XRP in a single day, along with a historic level of daily transactions (~1.8 M) and over 70 M in July. This underscores the real utility and institutional demand for XRPL.
Futures and upward leverage: Open interest in futures rose significantly (over $8.6 B), with a bullish bias of 74 % among traders on Binance, reflecting confidence and potential explosive movements.
Upcoming ETFs with significant institutional inflows: The reclassification of XRP as a commodity has already allowed the ProShares Ultra XRP ETF to attract $1.2 B in just one month. New applications from major players like Grayscale and Franklin Templeton are coming, which could trigger an additional $5–8 B if approved.
Impressive technical potential: The price faces resistance around $3.40–$3.66; however, a firm close above that level could unleash a rally towards $6–$6.70, based on patterns like bull flags and double-bottom.
Will you join this powerful institutional XRP rally or wait for consolidation at $3.40 before starting?
