XRP Sees 6.5% Gain Amid ETF Speculation and Ripple-SEC Lawsuit Progress
2025-07-11 07:03:01
Main Idea
XRP's price surged 6.5% amid speculation about a potential spot ETF and progress in the Ripple-SEC lawsuit, breaking key resistance levels and attracting strong buying interest.
Key Points
1. XRP's price increased by 6.57% to $2.58, surpassing the $2.50 resistance mark, driven by ETF speculation and legal developments.
2. BlackRock may file for a spot XRP ETF, which could bring significant institutional capital inflows and enhance market liquidity.
3. Progress in the Ripple-SEC lawsuit, including a joint motion submission, has improved investor sentiment and contributed to the price surge.
4. Technical indicators show strong buying interest, with XRP's RSI at 72.29 and trading volume reaching $6.8 billion in 24 hours.
5. Next resistance levels are identified at $2.73 and $2.96, with potential for further upward movement if market conditions remain favorable.
Description
XRP has experienced a notable 6.5% price surge within 24 hours, driven by renewed optimism around a potential BlackRock-backed XRP ETF and significant progress in the Ripple-SEC lawsuit. The token’s
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