The price of Ripple (XRP) remains in a bear market, having fallen by over 35% from its highest level in January. However, XRP experienced a rise after Franklin Templeton applied for a spot ETF on Tuesday. Other major firms, including WisdomTree, Bitwise, 21Shares, Grayscale, Canary, and CoinShares, have also applied for a spot XRP ETF. Polymarket users have increased the odds of approval for a spot XRP ETF to 80%. XRP is also one of the digital coins that Donald Trump has identified for the US digital coins stockpile. Ripple's technology is deemed better than SWIFT's, and the conclusion of the lawsuit by the SEC is expected to allow Ripple Labs to add more banking partners to its network. The chart indicates a possible bearish breakdown, but a bullish breakout to $3 could invalidate the head and shoulders pattern and lead to more upside.



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