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Coin Edition 2025-02-16 07:00:00

XRP Weekend Target: $3.15 & $3.40 Prices if $2.90 Resistance Falls

The SEC has acknowledged Grayscale’s filing for a spot XRP ETF, a major step toward institutional adoption. Analysts estimate $4 billion to $8 billion could flow into XRP if an ETF is approved. XRP is consolidating around $2.55, facing resistance at $2.91 and $3.40 ahead of the weekend. The U.S. Securities and Exchange Commission (SEC) has now formally acknowledged the spot XRP ETF filing from Grayscale and NYSE Arca. This has brought back positive feelings around the token. With Bitcoin and Ethereum ETFs already approved, many analysts think XRP might be next . This regulatory development could open the door for significant institutional money. Estimates suggest that between $4 billion and $8 billion could flow into the market within the first year after approval. XRP is trading around $2.55, after the latest price rise, with XRP facing strong resistance at $2.91. This price level is important and could decide if XRP moves higher this weekend. If buyers push the price past this point, XRP could climb towards $3.15. However, a major downward trendline is waiting at that level. Mixed Signals in XRP Market Right now, market momentum is show… The post XRP Weekend Target: $3.15 & $3.40 Prices if $2.90 Resistance Falls appeared first on Coin Edition .

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