Peter Smith
Ripple's XRP just pulled off something most crypto traders didn't see coming. After months of uncertainty, the token's riding high on two game-changing pieces of news that have bulls talking about $4 targets.
The regulatory nightmare that's haunted XRP for years? It might finally be over. Fresh ETF interest from institutional players? That's adding serious fuel to the fire.
XRP Price Rockets on SEC Settlement News
The crypto community erupted when news broke about Ripple's SEC victory. According to social media reports, XRP shot up 13% almost instantly as traders rushed to position themselves for what many see as a new chapter for the embattled token.
But here's where it gets interesting – after that initial spike, XRP pulled back 5% to test the $3.20 level. Instead of crashing through support like many expected, buyers stepped in hard. The price bounced right back to $3.30, showing there's real demand backing this move.
That $3.20 level isn't just a number anymore. It's become XRP's line in the sand, and so far, it's holding like a champ.
Japan's SBI Holdings Drops ETF Bombshell
While everyone was still processing the SEC news, Japan's SBI Holdings decided to throw another curveball. The financial giant filed for an ETF that includes both Bitcoin and XRP – a move that's got institutional investors taking notice.
This isn't just another crypto product launch. When major financial players start packaging XRP alongside Bitcoin in institutional products, it signals a shift in how traditional finance views Ripple's token. The liquidity boost alone could push XRP into new territory.
What's Next for XRP Price Action?
Right now, XRP's trading at $3.2929 with a daily dip of 2.16%. The day's range stretched from $3.2174 to $3.3657, with trading volume hitting 206.1 million XRP – that's $679.45 million in dollar terms.
The technical picture looks pretty clean. If XRP holds that $3.20 support we mentioned, the next target sits around $3.36. Break through there, and $3.50 becomes realistic. Some traders are even whispering about $4, though that might be getting ahead of ourselves.
The real test comes if broader crypto markets turn sour. XRP's shown it can rally on its own news, but can it hold these gains when the market decides to throw a tantrum? That's the million-dollar question every XRP holder is asking right now.
Peter Smith
