XRP’s price has strengthened support levels due to rumors surrounding the approval of a Spot ETF. Market experts suggest that this development could enhance investor confidence and potentially initiate a new wave of price increases. The recent price movements and rising trading volumes indicate a noticeable increase in interest towards XRP.
Demand for XRP is Rapidly Increasing
According to data from DeepSeek AI, cash inflows between $640 million and $1.5 billion are expected within the first three months following the approval of the XRP ETF. By the end of the first year, this figure could exceed $2 billion. Such strong expectations are positively reflected in XRP’s recent price performance.
Current charts show a significant increase in XRP’s trading volumes. The surge in investor interest is seen as a precursor to a broader bullish potential in the market. Notably, the new fund inflows anticipated from the ETF approval could act as a catalyst for price movements.
Regulations and Technical Indicators Speak Volumes
The recent applications for XRP derivative products by major players like ProShares indicate increased activity on the regulatory front. Hashdex’s launch of an XRP ETF in Brazil has surpassed expected trading volumes, further raising global expectations. Paulo Mesquita, a manager at Hashdex, confirmed that the Brazilian launch exceeded performance predictions.
From a technical analysis standpoint, the RSI indicator reaching its highest level in two months signifies that the bullish momentum is gaining strength. However, the downward trend of the ADX indicates that investors should tread carefully. If XRP surpasses the resistance level of $2.76, new record highs could be on the horizon.
Historical price surges after Bitcoin $110,917 and Ethereum
$2,611 ETF approvals reinforce a similar scenario for XRP. It is emphasized that both institutional and individual investor support will play a decisive role in this process.
Experts indicate that the new cash flows from XRP ETFs could elevate Ripple $2‘s market value above Ethereum. This possibility presents both opportunities and potential risks for investors. Market observers highlight that this period of regulatory processes and investor behavior will critically influence price movements.
In the short term, closely monitoring technical indicators and macro market data is becoming increasingly important for deciphering XRP’s price trends. The coming days may herald a phase where opportunities abound but caution is of utmost importance for investors.