Ripple

The price of XRP fell by 6.5% to around $2, with trading volume surging over 90%. Analysts are watching the $2 psychological support level, while some point to a historical pattern from 2017 that preceded a massive price increase.

A new XRP exchange-traded fund (ETF) from 21Shares is launching in the US, marking the fifth such fund. Despite strong inflows and a significant drop in available XRP supply on exchanges, the price of Ripple’s cryptocurrency has yet to respond positively to the hype.

With the launch of multiple XRP ETFs, Wall Street is showing interest in Ripple’s token. This article explains what XRP ETFs are and why institutional involvement could boost the price.

ChatGPT has outlined three potential price scenarios for XRP by the end of December, ranging from a conservative $1.80-$2.60 to a bullish $5-$12. The AI bases its predictions on market conditions, regulatory clarity, and institutional adoption.

New XRP ETFs from Grayscale and Franklin Templeton launch with strong inflows, fueling optimism for a price surge as analysts point to bullish patterns.

XRP’s open interest has plummeted to its lowest level in a year, signaling a significant drop in trader conviction despite a broader market rally. This decline in open positions raises concerns about sustained selling pressure, though some analysts see potential for a bullish reversal.

XRP has surged over 22% in recent days, marking its best performance since August. The rally is fueled by significant capital inflows into newly launched XRP exchange-traded funds on Wall Street from major players like Franklin Templeton and Grayscale.