The price of XRP has been rising for four consecutive days, reaching its highest level of the month at $2.78, a 50% increase from its February lows. This surge in price is attributed to increased odds that the Securities and Exchange Commission (SEC) will approve a spot XRP ETF this year. Polymarket, a prediction market, currently places the odds of approval at 80%. Several companies have applied for a spot XRP ETF, and analysts believe the SEC under Paul Atkins will be more open to these applications than under Gary Gensler. XRP's price increase coincided with gains in other XRP Ledger ecosystem tokens. The recent recovery in XRP's price is supported by a hammer-like candlestick pattern, suggesting a bullish reversal signal. However, there are indications of possible resistance and a potential markdown phase. To confirm further upside, XRP must break above last year's high of $3.40.



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