XRP cost is poised for a considerable rally, inspiteof acquiring 6% benefit momentum in the past 4 hours. It’s all thanks to the possession management giant Grayscale. On September 12, 2024, the company revealed its newest single-asset crypto financialinvestment item, Grayscale XRP trust.
Grayscale’s XRP Trust Takes the Spotlight
This statement on X (previously Twitter) went viral and drewin substantial attention from the crypto neighborhood. This post amassed 350K impressions in less than 2 hours and the number is still increasing quickly.
With Grayscale’s mostcurrent financialinvestment item, financiers will gain the directexposure to tap into XRP, a token powering the XRP Llawnedger, a dispersed, peer-to-peer network developed to aid cross-border monetary deals.
Current Price Momentum
At press time, XRP is trading near $0.56 and has skilled a cost rise of over 6% in the last 24 hours. Meanwhile, its trading volume has escalated by 75% throughout the exactsame duration, showing traders’ and financiers’ bullish views following Grayscales’ statement.
XRP Technical Analysis and Upcoming Levels
According to the professional technical analysis, XRP appears bullish after a week-long recession, as it is now trading above the 200 Exponential Moving Average (EMA) on the day-to-day time frame. However, the current cost rise hasactually pressed XRP’s Relative Strength Ind