It has been observed that there has been a significant increase in the price of XRP in the last 24 hours. The price was watched in the previous weeks of 2.3-2.5 dollars and rose to $ 2.78 with an increase of 8 %. There were also remarkable increases in the transaction volume.
Market dynamics and technical indicators
According to market data, the XRP price has reached $ 2.83 in the last 24 hours and the lowest level of $ 2.58. CoNSS data, futures, 10 %increase in futures stating that the print pressure pointed out. In addition, RSI value was recorded as 55; This makes the procurement -oriented pressure on continuing.
Regulation and Legal Developments
Developments in the field of regulation in the USA affected the expectations of investors. The formation of a crypto -oriented working group of the US regulatory institution led to comments that the market could progress positively. The arrival of potential regulatory affirmations for XRP was one of the factors that increased investor interest.
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Among the market commentators Ripple 
$2.79 There were evaluations that the legal process between the US regulatory institution may soon be concluded.
Jeremy Hogan: It was stated that the Ripple case could be concluded before the XRP ETF approval.
A legal expert said that it would be important to exceed the 5 dollar level for the US reserve presence of XRP.
A legal expert: XRP needs to see $ 5 to reach reserve asset criteria.
In addition, market analysts estimate that XRP can reach the level of 2.90 in the short term, 3 in the medium term and $ 8 in the long term. The lower levels created in technical analyzes point to potential rise.
The analyzes reveal that technical indicators and increasing trading volume reinforce the confidence in XRP. Investors feel the need to act carefully in line with the expectations and market developments.
In the light of these developments, it is important for investors to follow the technical levels closely. Changes in regulation and market expectations may affect price movements in the short and medium term.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
