Xrp stock price technical charts show XRP stock price

Technical charts show XRP stock price maintaining higher lows, indicating strong demand zones near $0. One is the possibility of a further rate cut by the Federal Reserve in late October. Anticipation of another Fed rate cut, combined with the imminent launch of new spot XRP ETFs, might be enough to give XRP a jolt of new momentum. Perhaps the most important catalyst for XRP is the pending approval of several spot XRP exchange-traded funds (ETFs). The SEC is expected to make a decision concerning six of those investment products between Oct. 18 and Oct. 25, with a seventh to follow on Nov. 14. Most experts anticipate a favorable outcome for the cryptocurrency. XRP stock price benefits from increased DeFi integration, boosting transaction utility. Market models indicate that sustained adoption trends could lead to breach of the $0.66 level within weeks.