$XRP is showing a notable structural change after breaking the resistance zone and holding support at 1.5 USD. The successful reclaim of this area is helping the short-term trend shift from correction to recovery.
According to data from TradingView, XRP previously corrected about 13.5% after a strong increase of 40%. However, the recent bounce has helped the price rise about 25% in less than 72 hours, hitting a short-term peak of 1.67 USD before experiencing a technical pullback.
The momentum behind the recovery
• ETF inflows have continuously increased over the past two weeks, reflecting improved institutional demand.
• Overall market sentiment is more positive as many major assets stabilize.
• The price structure is forming higher lows, reinforcing the continuation of the uptrend.
Factors from Coinbase and legal framework
Coinbase CEO Brian Armstrong recently emphasized the commitment to promoting a clear legal framework for crypto in the U.S. In particular, supporting the stablecoin reward mechanism is seen as a positive signal for the overall digital asset environment — indirectly supporting sentiment towards XRP.
Expectations from BlackRock
Attention is also turning towards the potential launch of iShares XRP Trust by BlackRock. Discussions around the XRP ETF, if progressed, could significantly expand the institutional capital door.
Notably, Representative Hugh Blackwell mentioned that there is pressure to push for the approval of XRP-related ETF products. Nevertheless, legal factors remain the key variable determining the sustainability of the trend.
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