XRP to $4: What’s Causing Delay?

Key Points

1. XRP reached an all-time high of $3.66 but has since consolidated between $3.35 and $3.48.

2. Three crypto-related laws, including the CLARITY and GENIUS Acts, have boosted momentum, with 11 asset managers submitting XRP-based products.

3. Traders are pricing in an 88% chance of a spot XRP ETF approval, with some analysts targeting prices above $4.

4. Key support at $3.34 is crucial for maintaining short-term bullish sentiment, while resistance lies at $3.60-$3.66.

5. The Altcoin Season Index stands at 47, indicating a neutral phase for altcoin performance.