Key Insights:

• Four spot XRP ETFs are expected to launch, potentially bringing institutional investment into XRP’s market.
• The XRP price needs to maintain above $2.20 to pave the way for a rise towards $2.60.

XRP is on the verge of a significant week, with the launch of several spot ETFs poised to inject billions into the market. After finding support at $2.20, traders are optimistic about an impending rally.

Upcoming XRP ETF Launches

Four spot XRP ETFs are projected to be approved soon, with more to follow in 21 days. Recent ETF launches have shown substantial first-day volumes and inflows, boosting traders’ expectations for XRP.

Defending the $2.20 Price Point

From a technical perspective, the $2.20 mark is critical for XRP. Maintaining this level could increase chances for a rebound, opening paths for higher resistance points. Comments from analysts highlight the potential for bullish momentum if these price levels hold.

“$XRP is consolidating above $2 in a pennant pattern, indicating a possible bottom,” said crypto analyst Marzel in a recent social media post. Translation: „$XRP在2美元上方收敛，显示出可能的底部。“

The market’s focus is on these upcoming ETF launches and the crucial price points that could shape XRP’s near-term trajectory.