XRP Nears $3.66 Amid US Crypto Bills, With Potential for Further Gains Suggested by Technical Indicators

Key Points

1. XRP's market capitalization surged over 12% in 24 hours, reaching $216 billion, coinciding with the US House passing three key crypto bills, including the GENIUS Act.

2. The GENIUS Act aims to establish a federal regulatory framework for stablecoins, aligning with Ripple's RLUSD stablecoin project and boosting investor confidence.

3. Technical indicators, such as the Relative Strength Index (RSI), suggest XRP's rally has substantial room for growth, with a potential target of $14 (a 305% increase).

4. Investor sentiment is overwhelmingly positive, with an 85% probability of a spot XRP ETF approval in 2025, further fueling optimism.

5. Ripple's strategic moves, including its application for a US banking charter, and increased institutional demand contribute to XRP's bullish momentum.