bullish

Major

XRP ETF

Verge

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<p dir="ltr">The digital currency ecosystem is in recovery mode, with the XRP price in the spotlight. Over the past 24 hours, the Ripple Labs-associated coin has<a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">jumped</a> by 5.99% to $2.46. With this uptick, the coin remains one of the top 10 assets with immense prospects to reclaim key resistance levels.</p>
<h2 id="xrp-to-reclaim-3-price-level">XRP to reclaim $3 price level?</h2>
<p dir="ltr">The price of XRP has both impressed and suffered a blow over the past month. From a low of $0.7726, the coin jumped as high as $2.86, short of the historic $3 resistance. With the coin entering a consolidation phase over the past few weeks, the coin is<a href="https://u.today/xrp-breakout-might-happen-in-2-days-key-pattern-to-watch" rel="noopener noreferrer nofollow">pushing for a major breakout</a>.</p>
<p dir="ltr">Recently, the XRP price has retested and survived new price lows, establishing a solid support wall around the $2 price mark. Amid the uncertainty in the broader market, XRP has recorded some intense sell-off attempts as the market battled intense liquidations on at least two occasions over the past three weeks.</p>
<p dir="ltr">However, XRP has stayed resilient, with core on-chain metrics staying bullish. As of writing, the XRP trading volume is up 9.33%, with over $10 billion coins traded in 24 hours. With the coin’s rebound potential, chances of finally retesting the $3 horizon remain visible.</p>
<h2 id="bullish-fundamentals-to-watch">Bullish fundamentals to watch</h2>
<p dir="ltr">Amid the expectations of a change in regulations in the United States, many asset managers have filed applications for a spot<a href="https://u.today/wisdomtree-files-for-xrp-etf-details" rel="noopener noreferrer nofollow">XRP ETF</a>. If approved, the XRP ETF product will open XRP to more investors under regulated conditions.</p>
<p dir="ltr">Just as this product triggered an intense capital influx into Bitcoin and Ethereum, it may do the same for XRP. It could boost the coin's price in the long term.</p>
<p dir="ltr">Meanwhile, Ripple Labs Inc. has also secured approval to launch the<a href="https://u.today/13-million-rlusd-ready-to-hit-market-after-ripples-fresh-minting-details" rel="noopener noreferrer nofollow">RLUSD stablecoin</a> from the New York Department of Financial Services (NYDFS). This stablecoin is poised to boost the liquidity of XRP, a development that can also boost the coin’s price.</p> <a href="https://u.today/xrp-price-on-verge-of-major-milestone-is-3-imminent" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

XRP Price on Verge of Major Milestone, Is $3 Imminent?

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