The Ripple (XRP) regains the lights again after a major organizational development represented in the approval of the US Securities Authority (SEC) on issuing its own futures trading boxes (ETF), and this step sparked a wave of optimism between investors, and re -asked the most prominent question: Can XRP reach the historical goal of $ 5?
At the same time, startups such as Magacoin Finance began to attract the attention of investors looking for early opportunities before the next wave of movements in the market.
ETF funds are pushing XRP forward
The last approval of the US Securities Committee on PROSHARES boxes for XRP futures, which includes Ultra XRP ETF, Short XRP ETF and Ultra Short XRP ETF, opened the door for a broader participation of financial institutions, and these products are scheduled to be launched on April 30, allowing investors trading based on XRP price movement without need To actually possess it.
The currency witnessed a strong leap after the announcement, as it increased by more than 10% in one week, to record a price of $ 2.31, and the daily trading volume jumped by 71.87% in light of the enthusiasm of investors towards the effect of ETF funds.
Technical analysis that supports the rising track
Technically, XRP succeeded in breaking the previous resistance level at $ 2.20 and closed steadily over it, before entering into a cohesion stage near 2.30 dollars, and the next main resistance area extends between 2.50 and $ 2.70, and with the continued positive momentum after the launch of ETF boxes, some analysts believe that the arrival of XRP to $ 5 is no longer excluded.
Institutional confidence gradually increases
The true effect of ETF boxes may go beyond just an instant price move, as it is expected to contribute to enhancing institutional confidence in the currency, which gives hope to XRP holders for long periods, and some experts believe that the flow of liquidity resulting from futures funds may pave the way for future approval on the immediate ETF funds for XRP, which increases the merger of Ribel into the financial system Traditional.
Data indicates a clear increase in the volume of trading and social interest in the currency in addition to a remarkable purchase activity from the major investors, and thanks to the focus of XRP on the infrastructure of payments, it arises as a digital asset dependent on actual use and not just a speculative origin.
Magacoin Finance attracts early opportunities
While XRP continues its journey towards institutional acceptance, some investors with a future vision began directing their capital towards emerging projects such as Magacoin Finance, this currency is still trading with less than one cent, and provides an early entry opportunity for a rare digital asset dependent on society and is preparing to appear on the central stock exchanges.
Analysts believe that the project is mentioned in the early stages of XRP, especially in terms of focusing on realistic cases of use and scarcity mechanisms, as well as a strategic accumulation of smart capital, and the project’s time map that includes gradual expansion stages, launching symbols in batches, and integration plans aimed at enhancing organic demand.
Also, early activity is one of the major investors and the increase in adoption from the popular base supporting the scenario of achieving a similar growth of what has witnessed major origins in its early stages.
