Based on information from the 100eyes Crypto Scanner, it appears that the XRP digital currency is getting close to a “resistance barrier” around the $2.6 mark.
🚨 Crypto alert:
[#XRP-#USDT] Near Horizontal Resistance (1h)— 100eyes Crypto Scanner 🌐 (@100eyesCrypto) January 14, 2025
The third-largest cryptocurrency is changing hands at $2.57 on the Bitstamp exchange.
right now, the digital coin related to Ripple is spearheading the overall rebound in the crypto market by surging approximately 6%.
Other major altcoins, such as BNB and Ethereum (ETH), have also recorded significant gains.
As reported by U.Today, the cryptocurrency is benefiting from persistent ETF buzz.
According to one of the leading authorities in the field, Nete Garaci, it’s forecasted that XRP might secure a place in an Exchange-Traded Fund (ETF) within the United States by the year 2025.
On the contrary, Polymarket bettors show a split opinion regarding this matter, as roughly half of them wager that such an event won’t occur.
The impressive surge of XRP, a noteworthy event in the final three months of last year, appears to have slowed down. Yet, the increasing chatter about ETFs could potentially reignite it if there’s evidence that an ETF application might be approved by the SEC as early as this year.
If an XRP ETF does get approved, this will likely push the token further into the mainstream.
As a crypto investor, I’ve been keeping an eye on JPMorgan’s recent predictions, and they suggest that a Bitcoin ETF could potentially draw in as much as $8 billion, given its past performance.
It’s yet unknown if the value of XRP can ultimately exceed its previous record high of $3.4, which it reached seven years back.
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2025-01-14 18:21