XRP Eyes Potential Trend Shift Amid Possible U.S. ETF Announcement and Technical Signals

Key Points

1. XRP’s chart shows a potential golden cross as the 23-day moving average approaches a crossover with the 200-day moving average, indicating a possible upward trend.

2. The crossover is expected near the $2.37 level, which could serve as strong support in case of short-term pullbacks.

3. Market sentiment is boosted by rumors of a U.S.-based XRP ETF launch, with an announcement possibly coming as early as July 18.

4. A successful ETF launch could enhance XRP’s institutional adoption and set a precedent for broader crypto investment.

5. Key resistance levels to watch are $3.20 and $4.00, with a break above $3.20 potentially leading to a test of the $4.00 zone.