XRP Price News: Ripple Spikes 3% as Gold Slips and Bitcoin Extends Gains
CoinDesk
XRP gained 3% as traders rotated from defensive assets like gold into riskier digital assets amid easing geopolitical tensions.Summary
XRP experienced a 3% intraday gain, briefly touching $2.56, driven by traders rotating out of defensive assets like gold amid lighter U.S. inflation data and easing geopolitical tensions. Institutional interest in XRP was further supported by Ripple's ongoing $1 billion capital raise and anticipation surrounding the SEC's pending ETF decisions. Technically, XRP remains range-bound, holding support between $2.42 and $2.44, while resistance caps upside around $2.56. A decisive close above $2.56 could target $2.65, but a drop below $2.42 might lead to losses toward $2.35.
(Source：CoinDesk)