XRP Must Push Past $3.40 To Confirm Uptrend – Analyst

Key Takeaways:

• XRP experienced a major rally following the SEC’s acknowledgment of Grayscale’s XRP ETF filing.
• XRP must surpass key price levels, including $2.75 and $2.94, to validate its current bullish momentum.
• A close above $3.40 is crucial for XRP to confirm a trend shift in the upward direction.
• XRP is currently trading at $2.73 with positive market sentiment and increased trading volume.
• The potential approval of an XRP ETF by the SEC could attract institutional capital to the market.

Overall, the XRP market is showing signs of bullish momentum, but it will need to overcome key resistance levels to sustain its upward trajectory. Investors are closely monitoring the developments surrounding the potential XRP ETF approval by the SEC, which could have significant implications for the market.