XRP’s $3 Dream: Bulls vs Bears in a Crypto Soap Opera 🎭💸

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So, XRP—the scrappy fourth-fiddle in the crypto orchestra—is currently duking it out with a pesky technical resistance level. Picture it as the ultimate diva trying to hit the high note at $3, but the sound engineer just won’t cooperate.

For the past four days, XRP has been banging its head against the daily simple moving average (SMA) 50 at $2.18 like it’s a locked door at a trendy nightclub. It’s been flirting with a breakout, but no one’s letting it past the velvet rope just yet.

Today’s encore had XRP reaching a hopeful high of $2.24. Cue the optimistic tweets and wild heart eyes. But as soon as the euphoria bubbled up, the sellers swaggered in to tell it, “Not today, darling,” and sent XRP tumbling back below that stubborn SMA 50.

Right now, XRP is hovering near that 50-day SMA, down a modest 0.12% in the last 24 hours at $2.19. Think of it as a tense standoff between bulls wearing glittery capes and bears with pitchforks, neither willing to blink.

If XRP can actually sweep past this daily SMA 50 like a romantic lead over a rain-soaked bridge, there’s chatter it could waltz its way all the way up to $3. But if it stumbles and takes a nosedive below $2.13, the bears will be throwing a wild party, possibly driving the price under $2 and down to $1.60—cue dramatic music.

XRP’s Brazil Invasion: Now With ETFs & Samba! 🇧🇷💃🪙

Meanwhile, in the land of coffee and carnival, asset manager Hashdex has launched the world’s first ever XRP ETF on the Brazilian stock exchange. Yes, you read that right, now you can invest in XRP without diving into the wild west of crypto wallets and passwords. The ticker? XRPH11—because catchy names are hard.

This is the ninth crypto ETF Hashdex has dropped in Brazil. Globally, they’ve got 33 under their belt. Clearly, Hashdex is collecting ETFs like they’re Pokémon cards.

Adding to the fun, Hashdex teamed up with Genial Investimentos, the fancy financial services folks in Brazil, and crowned Genial Bank SA as the trusty custodian of this shiny new fund.

Interest in XRP and its Ledger has been growing faster than your aunt’s WhatsApp forwards. Plus, just this week, CME Group played its hand, announcing plans for cash-settled XRP futures launching May 19, pending regulatory nods. Because nothing says “legitimacy” like futures contracts.

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2025-04-26 19:02