<ul data-eligibleForWebStory="true"><li>Raydium (RAY) has surged over 9% with a significant increase in daily trading volume of more than 512%.</li><li>In a market where most cryptocurrencies were in the red, Raydium stood out as one of the top gainers.</li><li>RAY's price fluctuated between $1.95 and $2.64, breaking key resistances along the way.</li><li>Currently, Raydium is trading around $2.29 with a market cap of $610 million.</li><li>Technical analysis suggests a potential bullish crossover with the MACD and a slightly bearish outlook based on the Chaikin Money Flow.</li><li>The asset's chart indicates a possible rise to $2.39 resistance and even $3 if bullish momentum strengthens.</li><li>On the downside, a breach of support at $2 may lead to a drop towards $1.93 with the potential for a death cross.</li><li>Raydium's RSI is at 60.36, indicating moderate bullish sentiment, while the BBP reflects mild bullish dominance in the market.</li><li>Canada introduces its first Spot XRP ETFs with Purpose and 3iQ launching on the TSX.</li></ul>

Raydium (RAY) Rockets 9%: Bullish Burst or Brief Hype?

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