XRP's performance over the past week and month has been impressive, with gains of 78.54% and 403.57% respectively. It has solidified itself as the third-largest cryptocurrency with a market capitalization of $146.56 billion. This rally has been supported by rumors of Ripple's expanding ecosystem, growing optimism over regulatory clarity, and a bullish trend in the crypto market. XRP's technical indicators remain strong, but caution is advised as it is now in overbought territory. Immediate support is at $2.23, while $2.94 is a critical resistance level. On-chain data shows a significant transaction of 100 million XRP to the Bithumb exchange, indicating whale accumulation. XRP's trading volume has exceeded that of Bitcoin and Ethereum combined for the first time, indicating high liquidity and market activity. Key levels to watch are $3.00 and $2.94. The recent launch of Ripple's RLUSD stablecoin and speculation over a potential XRP spot ETF have contributed to the bullish sentiment. There are also speculations about Ripple's ties to regulatory bodies and the Federal Reserve, further cementing XRP's role in institutional and cross-border payment markets.



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