INSUBCONTINENT EXCLUSIVE:
CME XRP futures hit $542.8 million in volume during the first month.Elliott Wave analysis and bull pennant suggest an XRP price breakout to
$5-$14XRP (XRP) price has been stuck within the $2.00 and $2.60 range since early March, with no clear directional bias
However, several factors suggest that this stagnation may soon give way to a significant breakout into double-digits.XRP/USD daily chart
traditional finance companies, with Metaco and Standard Custody being among notable acquisitions.Ripple acquisitions since 2013
according to Schwartz.The latest partnership with Wormhole is aimed at expanding multichain interoperability on the XRP Ledger (XRPL) and
Source: CME GroupCME group also highlighted that over 24,600 contracts were exchanged during the first month of trading, with nearly 50% of
silence?Moreover, the likely approval of a spot XRP ETF would see more capital inflows into XRP investment products, solidifying its
position as a mainstream asset and sending its price higher.The betting odds for an XRP ETF approval by Dec
Source: XForceGlobalIn an earlier post, XForceGlobal said his target for this cycle was between $20 and $30
target.A positive breakout from the pennant could potentially lead to the next leg up for XRP, measured at $14, or 564% from its current
price level.XRP/USD weekly chart
$2.65 (the upper limit of the current consolidation range), clearing the path for a rally to $3 and beyond.This article does not contain
investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.