XRP Shockingly Flashes Death Cross Amid 190% Volume Surge

Key Points

1. XRP price jumped over 10% after the SEC and Ripple Labs jointly ended their lawsuit, maintaining an 8.32% rally in 24 hours to $3.33.

2. Despite the rally, a death cross formation has appeared on XRP's daily chart, signaling potential downward pressure.

3. XRP's seven-day growth is 12.8%, and its 30-day rally is 40.13%, but this hasn't prevented the death cross formation.

4. Analysts believe the legal clarity around XRP removes hurdles for a potential spot ETF, with expectations that BlackRock may file for an XRP ETF soon.

5. An ETF approval could push XRP's price above the $4 range, though short-term price slowdown is expected.