XRP Soars 20% as Ripple’s Game-Changing ETF Nears $250M Landmark
Ripple's ETF gamble pays off—XRP bulls charge as institutional money floods in.
The $250M milestone isn't just a number—it's Wall Street's reluctant admission that crypto's here to stay. Even the suits can't ignore the 800-pound gorilla anymore.
Funny how fast 'too risky' becomes 'must-have exposure' when there's money to be made. The same bankers who mocked crypto now scramble for a slice—classic finance hypocrisy.
XRP vs XXRP ETF stock | Source: crypto.news
The price also reacted to Garlinghouse’s presentation in Washington, where politicians held a hearing on the upcoming CLARITY Act. CLARITY, a bill under consideration during the upcoming Crypto Week, aims to separate crypto roles between the Securities and Exchange Commission and the Commodity Futures Trading Commission.
XRP price technical analysis
The daily chart shows that Ripple’s token price staged a strong rally this week, moving above the descending trendline that connects the highest swings since January. It was the upper side of the triangle pattern.
The 50-day and 100-day Exponential Moving Averages have formed a bullish crossover. Additionally, the Average Directional Index has risen to 25, indicating that the trend is strengthening.
Therefore, the most likely scenario is one where the coin continues to rise, with the next key target being the year-to-date high of $3.3930.
