XRP price surged following Franklin Templeton’s filing for an XRP ETF, indicating market confidence in the altcoin. Trading at $2.24, XRP gained 6% over 24 hours and is 18% above its recent low of $1.89. The ETF filing signals a strong endorsement of XRP as an investment vehicle, with analysts suggesting potential major capital inflows that could elevate XRP prices significantly. Data from analytics firm Santiment shows a decline in XRP’s 30-day Market Value to Realized Value ratio, suggesting a price bottoming out, typically associated with accumulation periods. XRP’s price trajectory has formed a V-shaped recovery pattern since March 6, with the potential to rise to $2.64 if it surpasses key resistance levels. The bullish momentum is further supported by indicators showing rising market interest, increasing the likelihood of a continued price uptick. This article serves informational purposes and does not constitute investment advice.

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