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The current price of XRP:
Price: around 2.28 dollars
Market cap: 133 billion dollars
Daily trading volume: $2.82 billion
Top News:
The U.S. Securities and Exchange Commission (SEC) has approved the launch of 3 futures index funds (ETFs) from ProShares, including:
1. Ultra XRP ETF
2. Short XRP ETF
3. Ultra Short XRP ETF
Expected launch date: May 14, 2025
Technical Analysis:
Ripple shows a technical pattern called "falling wedge", which is usually a positive signal for upward movement.
If the resistance level at $2.40 is exceeded, the price may reach $3.20 or even $4.00.
Future Predictions:
If the (Spot ETF) futures index fund is approved later, the price may rise to $3.40.
If approval is not granted, it may drop to $1.61.
Experts' Opinion:
Some analysts believe that simply holding XRP may be enough to achieve strong profits in the future, given the legal and regulatory developments.
Upcoming Important Dates:
May 14, 2025: Launch of ProShares index funds
May 22, 2025: Important decision regarding Grayscale's spot ETF