The U.S. Securities and Exchange Commission (SEC) has finally approved a new multi-crypto ETF by Grayscale, and it features XRP as a first. It is also an ETF that includes Bitcoin, Ethereum, Solana, and Cardano, thus becoming the largest multi-token digital asset ETF in the world to date.
This is a major moment for XRP and its investors. Analysts feel that the approval may pave the way to a special place XRP ETF in the near future. Spot ETFs follow the real-time price of cryptocurrencies, and their authorization usually leads to robust market momentum.
Following the ETF news, XRP’s price broke past the key resistance zone of $2.19 to $2.20. However, the token is now struggling to stay above this level. If it holds strong, the next resistance lies at $2.25, with a possible surge toward $2.32 to $2.35. But if it slips below $2.19, XRP could fall to around $2.10 or even $2.05.
Crypto analysts pointed out that XRP has pulled back to retest the $2.18–$2.16 zone. “This isn’t a breakdown yet,” she noted, but warned that losing the $2.16 level could send the price down to $1.90.
On the flip side, a recovery of XRP above the $2.25 mark may drive a powerful bullish run to the $2.69 level and beyond. Initial indicators point to the fact that sellers are becoming weaker, and this decline may not be long-term.
As the interest of the investors increases, the question now is what XRP will do next. Will it bend or break?
Also Read: BREAKING: SEC Approves Grayscale ETF with BTC, ETH, XRP, SOL, ADA
