Rippe-backed XRP coin is moving on a bullish trajectory, with the price surging over 3% on the daily chart. XRP traders and investors have shown resilience and determination in the coin, despite the drawdowns in April.
Technical indicators reveal buy signals amid an improving sentiment across the crypto market. The fear and greed index is regaining momentum at 39.
Coinbase Derivatives filing to "self-certify" XRP futures trading is fueling the latest rally, expected to increase institutional adoption of XRP.
Several technical indicators support XRP's move towards the $3 psychological level, including the Moving Average Convergence Divergence (MACD) buy signal and RSI breaking the descending trendline resistance.