XRP ETF News: Bulls Target $2.65 in Next Move for Ripple-Linked Token
XRP gained 1.55% amid regulatory optimism and institutional flows, targeting a move toward $2.65 if support at $2.50 holds.Summary
XRP outperformed the broader crypto market, rising 1.55% to $2.53, driven by increased institutional flows and renewed optimism surrounding regulatory progress, particularly the filing of amended S-1 statements for spot XRP ETFs by firms like Canary Capital and Bitwise.
Trading volume surged significantly, confirming strong institutional participation. Price action saw XRP consolidate above the $2.52-$2.53 support zone after facing resistance near $2.57. Technical indicators, including a positive RSI (58) and MACD, suggest strengthening short-term momentum, maintaining the token's ascending structure.
For traders, holding above the $2.50-$2.52 support is crucial; a close above $2.57 could confirm a continuation toward the $2.65-$2.70 target, while failure to defend support might lead to a correction toward $2.45-$2.47.
(Source：CoinDesk)