XRP (CRYPTO: XRP) is up 4% on Tuesday, buoyed by the interest in the newly-launched spot ETFs.
Trader Notes: Crypto chart analyst Ali Martinez highlighted that XRP is forming a right-angled ascending broadening wedge, a pattern known for preceding violent upside breaks.
But the entire bullish structure depends on one level: $2. Hold above it, and the breakout scenario stays intact. Lose it, and the pattern collapses.
CrediBULL Crypto added context, reminding traders how XRP spent years trapped near $0.50 while sentiment hit rock bottom, with many claiming it would never reclaim $1.
Despite the doubt, XRP later erupted 5x in months, reinforcing that major moves often follow long stretches of disbelief.
Statistics: According to CoinBureau, XRP surged in ETF inflows on day one, trailing only Bitcoin, Ethereum, and Solana. Grayscale and Franklin Templeton's spot products alone pulled in a combined $130 million, with $67.4 million and $62.6 million, respectively.
Community News: Roger Bayston, Head of Digital Assets at Franklin Templeton, said blockchain innovation is powering new, fast-growing industries, and tokens like XRP act as crucial incentive layers that keep decentralized networks functioning.
He emphasized that Franklin Templeton sees XRP as a core component of a diversified digital-asset portfolio. Their XRPZ fund delivers regulated custody, liquidity, and daily transparency, removing the friction of managing XRP directly.
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