The current XRP stock price remains bullish above its 50-day moving average of $0.55, signaling sustained trader confidence. Traders are eyeing the $0.62 mark as a potential breakout zone if buying pressure strengthens this week. Dominic Basulto has positions in Bitcoin and XRP. The Motley Fool has positions in and recommends Bitcoin and XRP. The Motley Fool has a disclosure policy . 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. Volatility indexes point to manageable risk levels for XRP stock price trades this week. Traders leveraging these metrics see opportunity in buying dips near the $0.57 zone.
