XRP’s price is up today – 3 reasons why investors are excited
The post XRP’s price is up today – 3 reasons why investors are excited appeared on BitcoinEthereumNews.com. Key Takeaways XRP has outpaced Bitcoin and Ethereum. With compliance upgrades, ETF hype, and technical support aligning, are we seeing the start of something bigger? Ripple’s [XRP] $3 support is looking a bit shaky. Technically, over the last couple of months, it’s tested this level about five times, so a proper breakdown can’t be ruled out. That said, $2.7 continues to act as a strong bid wall, where buyers have consistently stepped in. What’s more, XRP’s been flexing. It is up roughly 6% weekly, beating Bitcoin [BTC] and Ethereum [ETH]. But according to AMBCrypto, this isn’t just a bounce off support. There’s some extra juice behind the move. ETF talk and compliance upgrade in focus XRPL just flipped the switch on its new Credentials amendment. For context, on the 4th of September, the XRP Ledger (XRPL) introduced a native KYC/AML compliance tools directly on-chain. The benefit? Before onboarding users, institutions can now verify creds without exposing data. For example, Ripple, which works with banks like Hidden Road, can now manage compliance checks directly on-chain, slashing operational friction. In turn, this makes XRPL a cleaner, tighter play for institutional flows. Source: X And XRP’s ETF countdown reinforces this shift. Starting the 18th of October, Grayscale, 21Shares, Bitwise, and others are in line for the SEC nod. With Ripple now buttoned-up on compliance, the SEC has less ammo to block it, giving XRP a tactical edge. More importantly, it looks like the market’s already sniffing it out. High-cap flows are firing on the news, even outperforming other majors, so a $3 retest could play out as a very different setup for XRP this time. XRP rebounds off a key Fibonacci level XRP’s recent price action has put the $2.84 level in the spotlight. Technically, the token has bounced from support near $2.70,…
The post XRP’s price is up today – 3 reasons why investors are excited appeared on BitcoinEthereumNews.com.
Key Takeaways XRP has outpaced Bitcoin and Ethereum. With compliance upgrades, ETF hype, and technical support aligning, are we seeing the start of something bigger? Ripple’s [XRP] $3 support is looking a bit shaky. Technically, over the last couple of months, it’s tested this level about five times, so a proper breakdown can’t be ruled out. That said, $2.7 continues to act as a strong bid wall, where buyers have consistently stepped in. What’s more, XRP’s been flexing. It is up roughly 6% weekly, beating Bitcoin [BTC] and Ethereum [ETH]. But according to AMBCrypto, this isn’t just a bounce off support. There’s some extra juice behind the move. ETF talk and compliance upgrade in focus XRPL just flipped the switch on its new Credentials amendment. For context, on the 4th of September, the XRP Ledger (XRPL) introduced a native KYC/AML compliance tools directly on-chain. The benefit? Before onboarding users, institutions can now verify creds without exposing data. For example, Ripple, which works with banks like Hidden Road, can now manage compliance checks directly on-chain, slashing operational friction. In turn, this makes XRPL a cleaner, tighter play for institutional flows. Source: X And XRP’s ETF countdown reinforces this shift. Starting the 18th of October, Grayscale, 21Shares, Bitwise, and others are in line for the SEC nod. With Ripple now buttoned-up on compliance, the SEC has less ammo to block it, giving XRP a tactical edge. More importantly, it looks like the market’s already sniffing it out. High-cap flows are firing on the news, even outperforming other majors, so a $3 retest could play out as a very different setup for XRP this time. XRP rebounds off a key Fibonacci level XRP’s recent price action has put the $2.84 level in the spotlight. Technically, the token has bounced from support near $2.70,…
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