Compared to the other crypts, XRP has demonstrated enormous force since bulls have been defending support. The last rebound of support to $ 1.8 suggested the strong presence of the bulls. As a result, it is believed that the Token relive a strong increase in the next few days with a decent increase in the purchase volume. In addition, a couple of bullish events are expected to be a strong catalyst to activate a Toro XRP race.
The ETF race for SPOT has been extensive, since recent data shows more than 70 ETF applications that observe the approval of the SEC. Among them there are a couple of ETF XRP, which is expected to be approved. In addition, the latest rounds of the Chicago Commercial Exchange Group (CME) are expanding cryptographic derivatives with the launch of XRP Futures this May. In addition, the CEO of Ripple recently confirmed an agreement with the SEC personnel to dismiss the demand, while the $ 125 million fine is reimbursed.
With all these positive developments, XRP price is expected to be positively impacted, which has stuck just above $ 2. Although the resistance has been significantly decreasing, the commercial configuration points towards a break, probably before the end of the week.
Although the price is stuck inside a descending triangle, bulls are trying to rape over the resistance. The previous attempt was supported by a huge bullish candle, but unfortunately followed by a great setback, which prevailed until the funds below $ 1.75 offered a base. However, the last increase is consolidated, with the rally forming ups and highs highs constant, highlighting the growing strength of the bulls.
On the other hand, the RSI has risen above the descending trend line, flashing the great bullish signs. Therefore, it is believed that the XRP price has the resistance of the triangle and triggers a rebound to enter the resistance zone between $ 2.5 and $ 2.62. However, bulls must pour excess liquidity to start this movement, which can further boost the price towards $ 2.8.
The XRP price is back in the game, and this could be the real beginning of something very big. While most eyes are glued to Bitcoin and Ethereum, the XRP price is gaining an impulse that can exceed the main ones. The next great test for the Token could be around $ 2.5, and a break from here could send it to a complete discovery mode.
