Why Is XRP Surging? Here’s What’s Fueling the Rally
After a period of uncertainty, XRP has made a strong comeback, reclaiming the $2.70 level and reigniting bullish sentiment across the market. With the SEC’s pending decision on an XRP ETF, speculation is growing that this could be the catalyst for a major price breakout.
XRP has gained 6.84% in the past 24 hours, trading with a volume of $5.33 billion. Over the past week, it’s up 9.59%, and its YTD performance stands at +29.95%, signaling strong long-term momentum.
What’s Driving the XRP Rally?
📌 SEC ETF Decision – Growing optimism that approval could push XRP to new highs.
📊 RSI Remains Above Neutral – Increased buying pressure signals market confidence.
📈 SMA Support Holding Strong – The trend remains bullish, supporting further upside.
What’s Next for XRP?
If the rally holds, XRP could test $3.00 next, with a successful breakout targeting $3.50. However, if momentum fades, key support levels lie at $2.50 and $2.00.
With XRP holding a top 3 spot in the crypto rankings, its next move could set the tone for the broader market. Will ETF speculation fuel a breakout, or will resistance hold?
XRP has gained 6.84% in the past 24 hours, trading with a volume of $5.33 billion. Over the past week, it’s up 9.59%, and its YTD performance stands at +29.95%, signaling strong long-term momentum.
What’s Driving the XRP Rally?
📌 SEC ETF Decision – Growing optimism that approval could push XRP to new highs.
📊 RSI Remains Above Neutral – Increased buying pressure signals market confidence.
📈 SMA Support Holding Strong – The trend remains bullish, supporting further upside.
What’s Next for XRP?
If the rally holds, XRP could test $3.00 next, with a successful breakout targeting $3.50. However, if momentum fades, key support levels lie at $2.50 and $2.00.
With XRP holding a top 3 spot in the crypto rankings, its next move could set the tone for the broader market. Will ETF speculation fuel a breakout, or will resistance hold?
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.