Altcoins News

Story: XRP Eyes $3.60 as ETF Approval Hopes Rise, But Weak XRPL Adoption Raises Doubts

By Steven Anderson

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XRP Price Reaches Two-Week High. On Tuesday, XRP briefly touched $3.04, its highest level in nearly two weeks, before facing…

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ETF Optimism at the Center of XRP’s Rally. Bloomberg analysts assign a 95% probability that an XRP ETF will receive approval, with a final…

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Weak XRPL Adoption Raises Questions. Despite the buzz, XRP continues to underperform compared with the broader altcoin market.

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Can XRP Reach $3.60?. Technical traders are eyeing $3.60 as the next resistance level for XRP, a price last seen in July.

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Conclusion. The XRP ETF approval narrative has given bulls reason to push prices toward $3 once again, and a…

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XRP is once again capturing attention in the crypto market as it trades close to the $3 mark.

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On Tuesday, XRP briefly touched $3.04, its highest level in nearly two weeks, before facing resistance and pulling back to around $2.95.

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Data from CoinGlass shows that aggregate XRP futures open interest rose 5% over the past month, reaching 2.69 billion XRP (about $7.91 billion).

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Despite this spike, analysts note that futures activity alone does not guarantee lasting price momentum, as long and short positions remain balanced.

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Some products could even arrive earlier through alternative structures. REX-Osprey has proposed ETF-ETN hybrids that, like Solana Staking (SSK), may not require direct SEC…

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Despite the buzz, XRP continues to underperform compared with the broader altcoin market. Since August, XRP has been mostly flat, while other major altcoins have posted strong…

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Much of XRP’s recent momentum stemmed from Ripple’s settlement of its long-running dispute with the US Securities and Exchange Commission (SEC).

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Ripple’s new stablecoin, RLUSD, recently surpassed $700 million in assets. However, almost 90% of this supply is on Ethereum rather than XRPL, limiting its direct impact.

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Institutional activity in futures is encouraging, but without stronger demand for tokenization and real-world asset issuance on XRPL, XRP risks being left behind in the broader…

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The XRP ETF approval narrative has given bulls reason to push prices toward $3 once again, and a move to $3.60 remains possible in the short term.

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