XRP has surged to the third spot in the cryptocurrency rankings, propelled by the approval of the ProShares ETF. This unexpected leap raises questions about XRP's potential to challenge Ethereum's market dominance. Stay tuned for insights on the latest trends and upcoming developments.
XRP, Ripple’s flagship cryptocurrency, is showing remarkable resilience despite recent market volatility. With a 1.3% increase over 24 hours, closing around $3.22, XRP demonstrates signs of technical strength and institutional interest.
XRP has demonstrated its ability to bounce back after morning lows of $3.16, reaching an intraday high of $3.23 before closing near $3.22. This progression, though modest, was accompanied by sustained volumes, with peaks of 81.78 million at 4:00 PM and 69.06 million at 5:00 PM, significantly higher than the daily average of 38.25 million.
Institutional accumulation plays a central role in XRP’s current momentum. The high volumes observed this weekend confirm sustained engagement from major players.
This phenomenon occurs in a context where XRP’s utility in cross-border payments continues to attract attention. Additionally, the approval of the ProShares ETF also contributes to this interest.
Despite mixed sentiment in the crypto market, influenced by ETF volatility and recent liquidations, XRP displays technical resilience.
For traders, the POC at $3.44 now constitutes a crucial resistance level to reach new highs. The liquidity zone between $2.79 and $2.98 provides important support for a potential bounce.
The CMF indicates short-term distribution, explaining this retracement. However, this has allowed for a reset of the RSI, and XRP should resume its upward trajectory in the coming weeks beyond $4.
In 2025, XRP could benefit from renewed interest in a potentially bullish crypto market. Institutional flows, combined with solid volumes, support an optimistic outlook, but investors should monitor regulatory uncertainties, particularly surrounding Ripple. Rigorous risk management and technical level analysis will be essential to capitalize on opportunities.
In conclusion, XRP shows encouraging signs of resilience and bullish potential. With sustained institutional interest and favorable technical dynamics, traders should keep an eye on the resistance at $3.44 to anticipate the next growth phase.
Charles Ledoux is a Bitcoin and blockchain technology specialist. A graduate of the Crypto Academy, he has been a Bitcoin miner for over a year. He has written numerous masterclasses to educate newcomers to the industry and has authored over 2,000 articles on cryptocurrency. Now, he aims to share his passion for crypto through his articles for InvestX.
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