According to @CryptoTony_, XRP has broken above a 4-month descending trendline, a technical move that historically signals the beginning of a bullish phase. This breakout is attracting attention from traders as it may indicate increased buying momentum and the potential for XRP to target the $1 resistance level in the coming weeks. Technical analysts are monitoring key support and resistance areas, suggesting that sustained volume above the breakout point could confirm a longer-term upward trend (source: @CryptoTony_).

According to AltcoinGordon, the US SEC has officially approved ProShares Trust’s XRP ETF, with the public launch scheduled for April 30, 2025 (source: https://twitter.com/AltcoinGordon/status/1916538738068410514). This regulatory approval marks a major milestone for XRP, increasing access for institutional and retail investors. Historically, ETF launches have driven significant inflows and price volatility in underlying assets, as seen with previous Bitcoin ETF approvals (source: Bloomberg). Traders should monitor XRP price action, volume, and open interest leading up to the launch date, as increased demand and speculative activity may drive short-term price movements. The introduction of an XRP ETF is expected to improve liquidity and price discovery, providing new trading opportunities for both spot and derivatives markets.