Hey guys.
The value of #XRP rose 9% today on news of #Grayscale plans to launch an $XRP trust, this trust is aimed at institutional investors seeking greater access to XRP in the current regulatory climate.
This trust could later be converted into an #ETF as the company has already done with the bitcoin trust.
On H1 we have an undoubtedly bullish momentum which has a good probability to continue, medium-term resistance is at 0.65 and real targets in the development of a move towards this zone. Whether or not the price will be able to break through this resistance is to be seen later when the price approaches this zone, now it is too early to talk about it. I will only say that if the zone of 0.65 will be broken, the conservative targets on the “book” are equal to the width of the sidewall, i.e. the zone of 0.9-1$.
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Stay tuned.
