XRP price increases by 11.1%: Ripple shortly before setting with the SEC-is there a technical breakthrough to $ 3.65? Could ETFs trigger a parabolic rally?

XRP price increases by 11.1%: Ripple shortly before setting with the SEC-is there a technical breakthrough to $ 3.65? Could ETFs trigger a parabolic rally?

XRP price increase: 11.1 % in one week and upcoming SEC cleaning

The XRP course recorded a significant increase of 11.1 % last week. This positive development is related to the ongoing negotiations between Ripple and the US Securities and Exchange Commission (SEC), which could end. A possible comparison could not only clarify the legal uncertainties around XRP, but also rekindle the interest of investors and dealers.

technical analysis and outbreak points

The technical analysis of the XRP market indicates that the next resistance could be $ 3.65. This point could be crucial for the course of XRP, since breaking this price level could lead to another rally. Traders and analysts observe this brand carefully to determine whether the market is able to counter it and possibly continue to rise.

ETFs as a possible catalyst

Another exciting element that has the potential to trigger a parabolic rally for XRP are the Exchange Traded Funds (ETFs). If ETFs that are associated with cryptocurrencies such as XRP are approved, this could lead to an increased institutional interest and a broader acceptance of cryptocurrency.