$XRP
has had an outstanding performance this week, becoming the most dynamic cryptocurrency in the market. Its price reached a new all-time high, surpassing $3.40 and recording a significant gain in the last 24 hours.
Key developments:
- *Approval of the GENIUS Act*: The House of Representatives approved the GENIUS Bill, which could further boost the price of XRP.
- *Application for federal banking license*: Ripple submitted an application for a federal banking license to the Office of the Comptroller of the Currency (OCC), which could enable it to play a key role in the custody of cryptocurrencies for institutional players.
- *Launch of ETFs*: New XRP-focused ETFs were launched, such as the ProShares Ultra XRP (UXRP), which could attract more institutional investment.
- *Whale activity*: Whales have been active in the XRP market, with significant transfers in recent hours.
Technical analysis:
- The price of XRP has surpassed the resistance at $2.90 and reached a new all-time high.
- Technical indicators, such as the RSI and ADX, suggest a robust bullish trend.
- Trading volume has increased significantly, indicating strong interest in the market.
Predictions:
- Some analysts predict that XRP could reach new all-time highs if it surpasses its current ATH.
- Others believe that the approval of an XRP ETF could trigger a significant flow of investment into the cryptocurrency.