XRP is currently trading at $2.08, with a market cap of $129.90 billion. The cryptocurrency has seen a slight increase of 0.69% in the last 24 hours. This comes as institutional interest in XRP remains strong, with U.S. spot XRP ETFs attracting $906 million in net inflows since launch ¹ ².
Recent developments include the resolution of the SEC lawsuit against Ripple, which has cleared the way for broader institutional adoption. The XRP Ledger has also introduced new features, such as the XRPL EVM sidechain, which enables Ethereum-compatible smart contracts, and the XLS-30 AMM, which adds native automated market making ³.
Key Levels to Watch:
Support:_ $2.03
Resistance:_ $2.30
Market Sentiment:
Social sentiment for XRP has collapsed to extreme fear levels, historically preceding short-term rebounds. However, technical indicators point to structural weakness, with a descending channel forming on the 60-minute chart ⁴.
Overall, XRP's price action is being driven by institutional accumulation and regulatory clarity, but retail sentiment remains cautious ⁵ ².
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