XRP PRICE EYES A RISPLGE 35 %, where ETF Ripple ETF approaches $ 100 million

The price of XRP is about to increase 35 % to a general rise to the date with continued flows in Teucrium 2x Daily Daily ETF.

Tamulization (XrpIt was circulated at $ 2.5270 on Tuesday, an increase of more than 55 % of its lowest level this year, giving the market evaluation about 150 billion dollars.

The data indicates that XXRP ETF has recorded five consecutive weeks, up to its total assets to more than $ 99.1 million. She added 14 million dollars last week, up from $ 10 million in the previous week.

The continuous growth of XXRP ETF highlights the high demand for XRP-despite the relatively high annual management fees by 1.89 %. For comparison, Prosthares Bitcoin ETF charges 0.95 % expenses.

This demand comes with the growth of optimism that the US Securities and Stock Exchange Committee (SEC) will agree to Spoc XRP ETF from companies such as Franklin Templeton, GrayScale, 21shares, Canary and Coinshares. According to polymarket, probability Approval rose to 80 %.

Analysts are also optimistic about the potential impact of these approvals. JPMorgan estimates that Spot XRP ETFS can witness 8 billion dollars in flows during its first year, bypassing Ethereum flows (Eth) The investment funds circulated since their approval last September.

XRP has other upscale stimuli that may support more prices. Ripple Labs has become a major player in the Stablecoin Market with the Ripple USD code (RLUSD), which is currently the maximum market more than $ 300 million. According to what was reported, the company is holding talks with Serkel, the source of the dollar, the second largest stablecoin by the market.

Ripple Labs moved to the initial mediation industry through Buy a hidden road It actively works to become a major player in the cross -border payment.

Technical analysis of XRP price

The daily chart shows that XRP has recovered strongly after the bottom at $ 1.6218 in April. The price is now broken over the moving average for 50 days, which is a sign that the bullish momentum is built.

XRP has also formed a reverse pattern for the head and shoulder, which is a classic bullish reverse formation. The head sits at $ 1.6218, while the shoulders are installed near two dollars.

Also, the average trend index move to 20, a sign that the trend is enhanced. Therefore, the most likely XRP expectations are where the YTD has the highest level at $ 3.40, an increase of 35 % higher than the current level.