$XRP Surges on Grayscale News: Breaks Resistance Levels
XRP has experienced a significant breakout, smashing through all key resistance levels following the news that Grayscale will launch the first U.S. XRP trust, as reported by Fox Business. This development positions XRP favorably for the future, potentially paving the way for a spot XRP ETF in the U.S. market. The combination of Grayscale’s institutional influence and the growing demand for XRP could drive further price action and market interest.
Key Market Data:
• Current Price: $0.5709 (+6.93%)
• 24h High: $0.5884
• 24h Low: $0.5231
• Volume (XRP): 293.39M
Technical Outlook:
• EMA (7, 10, 14): XRP is currently trading well above the 7, 10, and 14-period EMAs ($0.5533, $0.5496, $0.5466), indicating strong bullish momentum.
• Breakout Levels: The massive spike from $0.5231 to $0.5884 represents a clear break of previous resistance, signaling a shift in market sentiment.
