Ripple's XRP has experienced a surge of over 7% after asset manager WisdomTree registered for an XRP exchange-traded fund (ETF) in Delaware. This move by WisdomTree puts them in the company of other firms, such as Bitwise, 21Shares, Canary Capital, and Grayscale, that have expressed interest in an XRP ETF. The optimism surrounding XRP has been boosted by the anticipation of Donald Trump's return to the White House as US President and SEC Chair Gary Gensler's retirement, with investors expecting a more favorable stance on cryptocurrencies. Additionally, Ripple has announced the launch of a tokenized money market fund on the XRP Ledger in partnership with UK digital asset exchange Archax and asset manager abrdn plc. XRP is aiming to reach its April 2021 resistance level of $1.96 and currently maintains a bullish outlook, with open interest reaching an all-time high and the Relative Strength Index (RSI) indicating overheating prices. A daily candlestick close below $1.35 could invalidate the bullish thesis and send XRP to the $0.93 support level.



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