XRP is approaching a significant level of breakthrough, which can put cryptocurrency on the path to the price of 3 dollars until February 25.
While the digital asset is currently trading below the price level of $ 2.50, it has decreased by about 4% over the last day, XRP can take off to a new record high level, since the SEC is very close to the Spot Exchange Trucked (ETF) Foundation.
Spot XRP ETFS can rise to a rospendiator to $ 3
SEC has recognized another XRP ETF point, which serves in CoinShares via Nasdaq, noting the fourth place ETF confirmation after Greyscale, 21Shares and BitWise.
In addition, Wisdomtree and Canary Capital have their own ETF applications in the process. Meanwhile, the Brazil Comissans de Valores Mobiliários approved the first place in the Country of XRP ETF through the Hashdex Nasdaq XRP Foundation, although it still does not live for trade.
A large number of investment products associated with the XRP can lead to higher investment demand, improve liquidity and safer investments for market participants. Action at the price of the XRP can significantly benefit from such a product, potentially leading it to a mark of $ 3 until February 25.
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Analyst: $ 2.60 for the XRP Impulse
XRP price analysis
According to the X (earlier Twitter), the crypto -analyst Dark Defender identifies $ 2.6052 as a critical price, which can dictate the next bull legs XRP, leading to February 25. He assumes that if the XRP can hold more than $ 2.6052, and, importantly, more than $ 2.77, the second phase of the bull weekly structure can begin, which will potentially prepare the ground in the direction of 3 dollars in the USA.
The price is currently consolidated near the resistance zone $ 2.60. If XRP broke through and supported the levels above this point, a quick step towards $ 2.85 and potentially higher levels in the short term can be materialized, with a realistic probability of reaching or excess of 3 dollars by February 25.
Nevertheless, the inability to overcome the resistance in the amount of $ 2.60 can cause a rollback to the support area of $ 2.33, as indicated in the Dark Defeferend diagram.
Mixed technical signals for XRP during February 25 approaches
In addition to the technical picture, the relative force (RSI) index is currently read 42.84, below the neutral mark 50, but upward. The movement above 48.07 can signal the growing purchase of an impulse when it approaches February 25.
And vice versa, the bands of Bollinger (BB) suggest that the XRP is traded next to the middle strip, which indicates the period of consolidation and the possibility of increasing the volatility around the predicted on February 25.
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The upper strip Bollinger is currently about $ 2.81, and the lower strip is about 2.27 dollars. The breakthrough above the middle strip can initiate upward movement, while the breakdown can lead to further testing of lower levels, increasing the significance of February 25 for potential price shifts, confirms the TradingView diagram.
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