XRP price surged nearly 5% to reach $2.36 on April 28, showing a strong upward trend. The rise is attributed to the approval of XRP futures ETFs by ProShares, which are set to launch on April 30. This approval has fueled bullish momentum in the market. Additionally, CME Group announced the inclusion of XRP futures on its US derivatives exchange, further boosting confidence in XRP. Despite recent corrections, XRP whales are accumulating tokens, indicating a positive long-term outlook. Technical analysis suggests a potential 55% rally towards $3.63 as XRP breaks out of a falling wedge pattern. The price is currently above the 50-3D exponential moving average, supporting the bullish outlook. The Relative Strength Index (RSI) for XRP is neutral, indicating room for further growth. With ongoing developments in the XRP market, investors remain optimistic about future price movements.
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