XRP is currently trading near $2.33 with exchanges signaling urgency to hold below $3 before a potential surge.
Three main catalysts impacting XRP's price include speculations of a spot XRP ETF approval, Federal Reserve interest rate decisions, and news from the XRPL APEX developer summit.
Institutional demand for XRP is rising, fueled by recent developments such as XRP futures listed on the Chicago Mercantile Exchange and a futures ETF of XRP by Volatility Shares.
While there is optimism for XRP's potential growth, risks still exist, especially in the context of macroeconomics and token unlocks. Experts recommend managing exposure through strategies like dollar-cost averaging and proper investment sizing.