XRP ETF Rumors Spark Surge! Rally to $3.50 or Drop to $2?
Posts XRP ETF rumors surge! Rally to $3.50 or drop to $2? Appear first Coinpedia Fintech News
With rising speculation from the SEC, acknowledging Grayscale’s 19b-4 application for the “XRP ETF”, XRP prices grew by more than 2% overnight. It is worth noting that with potential XRP ETF approval, Runipple’s price may soon be heading towards a new ATH.
Will the approval of SEC’s XRP ETF push its price toward this year’s new ATH? In addition, investors are curious about questions like “Will XRP prices recover?” In this article, we reveal the emotions of the market at Coinpedia and may provide you with a price analysis of short-term ripple effects!
Ripple prices are on the verge of a major breakthrough?
Amid rising market volatility, XRP price grew by about 2% in 24 hours, with trading volume of $5.446 billion, a change of +14.61%. Despite recording a 3.57% correction in the past 30 days, the price of XRP coins has soared 17.14% this year, indicating long-term action.
Simple Moving Average (SMA) is recording the path of bullish fusion over the time frame of the day. This highlights the increased positive impact of Altcoin on the cryptocurrency market.
Furthermore, the MACD indicator records a constant decline in the red histogram, whose average witnesses a high possibility of a positive crossover over the upcoming time. This suggests that XRP prices may continue to gain value this week.
Will the ripple price reach $3 this week?
Assuming bullish sentiment remains in this case, the XRP coin price may exceed its immediate resistance of $2.5 and step out at $3. Keeping the price above that level may increase the price of the XRP token to above $3.5 for the next time.
Conversely, if the ripple price faces a rejection of the resistance level of $2.5, this could lead to its lower price below the $2.25 low. Additionally, if bearish sentiment intensifies, the XRP cryptocurrency may fall to a significant support level of $2 this month.
Are you one of many trying to understand the possibility of this Altcoin achieving a new ATH this Altcoin season? Read our latest information XRP Price Forecast today!
FAQ
Ripple prices can reach milestone prices considering current market sentiment $20 By 2032.
If bullish sentiment is maintained $2.15 and $3.99 This year.
As adoption and bullish sentiment increase, the price of corrugated coin may reach its maximum transaction value $15.65 By 2030.
