XRP (XRP-USD) is rising today as investors lean on its unique position in the crypto market. After years of court battles, XRP now has clear legal standing in the U.S., something few other tokens can claim. That clarity makes it more appealing at a time when regulators are weighing spot ETF applications. The chance of approval has injected fresh optimism and helped fuel the current price move.
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XRP Charts Signal a Breakout
On the technical side, XRP has been grinding higher after finding solid support near $2.93. Buyers have pushed it back above $3.00, a level traders see as a crucial pivot. If XRP clears $3.04 with volume, it could unlock a run toward $3.38 and possibly the $3.50 region. The pattern of higher lows and stronger candles suggests accumulation is happening in real time.
Whales Add to the Rally
On-chain data shows large holders have been increasing their XRP positions. Whales accumulated millions of tokens this week, adding to the sense that demand is building beneath the surface. Big investors stepping in at these levels strengthens the floor and makes any breakout attempt more convincing.
For XRP, the key test is whether it can push through resistance and hold gains. A breakout above $3.04 would confirm the bullish setup and keep momentum on track. If it stalls or slips back below $2.93, the rally could quickly lose steam.
At the time of writing, XRP is sitting at $3.0021.
