XRP is trading at $2.45, up 375% since September, nearing its 2024 high of $2.90. The Trump administration promises crypto-friendly regulations, including a possible approval of an XRP ETF by year-end, with a 71% probability. Leadership changes at the SEC, with Paul Atkins potentially replacing Gary Gensler, could ease legal pressures on Ripple.
Technically, XRP has formed a bullish pennant pattern and remains above the 50-day and 200-day moving averages. The next resistance levels are $2.90 and $5. Additionally, XRP futures open interest has reached $192 million, indicating increased investor activity. Both technical and fundamental indicators suggest a potential continuation of growth. Show Less
