XRP Price Prediction Weekly: Thursday’s SEC Move Can Clear Way for Ripple ETF Approval

Investors are watching Ripple (XRP) for a break through important resistance levels, as the cryptocurrency shows new indications of...

Can Ripple Rally? All Eyes on Thursday's SEC Move

Quick overview

  • Ripple (XRP) is showing renewed strength after a significant price surge, driven by a courtroom victory against the SEC.
  • Speculation around a potential U.S.-based XRP spot ETF is boosting investor sentiment, especially following Brazil's recent approval of one.
  • XRP faces strong resistance near the $2.50 mark, but bullish indicators suggest a potential rally if it breaks through.
  • Ripple has secured a license to operate in the UAE, highlighting its growing global presence and importance in the blockchain sector.

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Investors are watching Ripple (XRP) for a break through important resistance levels, as the cryptocurrency shows new indications of resiliency following months of consolidation and regulatory uncertainty.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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