XRP Approaches Critical $3 Threshold Amid Institutional Surge

The cryptocurrency market is watching closely as XRP approaches what could become its most significant technical test in recent years. Fresh regulatory clarity following the resolution of its legal battle with the U.S. Securities and Exchange Commission has propelled the digital asset forward, setting the stage for a decisive moment at the $3 price level.

Market data reveals substantial buying activity from major investors. On-chain metrics indicate that large-scale wallet movements are signaling significant accumulation by institutional players, a development that historically precedes sustained price appreciation. This bullish sentiment is reflected in trading activity on the Kraken exchange, where 73% of traders are currently buying XRP against only 27% selling, demonstrating pronounced buying pressure.

ETF Applications Signal Growing Acceptance

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