The price of XRP has seen a recovery, jumping by 5.99% in the past 24 hours to reach $2.46. Despite experiencing both highs and lows over the past month, the coin has established a solid support level around $2 and is pushing for a major breakout. XRP's on-chain metrics remain bullish, with a trading volume increase of 9.33% and over $10 billion in coins traded in 24 hours. Expectations of regulatory changes in the US have led to asset managers applying for a spot XRP ETF, which, if approved, could attract more investors and potentially boost the coin's price in the long term. Ripple Labs has also received approval to launch the RLUSD stablecoin, which is expected to increase the liquidity of XRP and potentially impact its price as well.



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