XRP Surges Past $2.90: Key Resistance Broken in Major Rally!
XRP Breaks Resistance, Surges to New Heights
Ripple’s Remarkable Price Surge
XRP has experienced a significant increase, reaching a value of 2.9292 and decisively surpassing the 2.60 resistance level that had previously hindered its growth throughout 2025.
XRP Reclaims Market Position
With this impressive rally, XRP has regained its status as the third-largest cryptocurrency by market capitalization, outpacing both Bitcoin and Ethereum in recent trading sessions.
Legal Developments Favor Ripple
In a pivotal turn of events, the SEC officially withdrew its appeal in the Ripple case at the end of June, bringing an end to four years of legal ambiguity that had surrounded the cryptocurrency.
Strategic Expansion Plans
On July 2, Ripple submitted an application for a federal bank charter to the Office of the Comptroller, indicating a significant move towards strategic growth and expansion in the financial sector.
Growing Interest in Ripple ETFs
In a notable development, eleven asset management firms have filed for spot Ripple ETFs, with ProShares taking the lead by launching leveraged investment products.
Technical Analysis Insights
Current technical indicators reveal an Average Directional Index (ADX) reading of 34, which confirms a strong upward trend, as it exceeds the critical threshold of 25. Additionally, the Relative Strength Index (RSI) stands at 81, suggesting that while XRP may be overbought, the momentum driving its price upward remains robust.
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