XRP Surges 14% After SEC Accepts ETF Filing – What Comes Next?
Ripple’s XRP has experienced a remarkable 14% increase following the news that the SEC accepted its ETF filing. This breakthrough suggests that XRP might be entering a new phase of market momentum. The breakout from descending resistance indicates a possible target range between 3.31 and 3.59. However, the market remains cautious; the Relative Strength Index (RSI) is hovering in overbought territory, indicating the potential for a short-term correction. Key support levels are identified between 2.54 and 2.67. Investors should approach with a blend of excitement and caution, paying close attention to market signals as developments unfold. This could be a pivotal moment for XRP as it seeks to reclaim its former glory. Understanding the technical aspects behind such price movements will be crucial for effective trading decisions.