XRP's price increased by 3% on February 11, buoyed by Ripple's partnership with Unicâmbio and rising prospects for an XRP-specific exchange-traded fund (ETF) approval. This ascent marks its best intraday performance in over a week as analysts speculate on the likelihood of XRP ETFs being approved by the U.S. Securities and Exchange Commission (SEC). Bloomberg ETF analysts have listed XRP as having a 65% chance of receiving SEC approval, spurring interest from institutions. The trading activity in XRP futures has also surged by around $290 million, indicating traders are optimistic about future price rises. Meanwhile, Ripple's collaboration with Unicâmbio aims to enhance cross-border payments between Portugal and Brazil, further solidifying Ripple's presence in Europe. Analysts project XRP could reach a short-term target of $5.85, with long-term visions up to $8.76 as market conditions fluctuate. Encouragingly, the positive funding rates in XRP futuring contracts suggest a bias towards bullish positions among traders. This expansive interest in XRP, coupled with its strategic partnerships, indicates strong momentum in its market performance.

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