Solaxy (SOLX) Price Prediction: Will It Soar 100X After Launch?

The XRP price rose over 1% in the last 24 hours to trade at $2.466 as of 2:36 a.m. EST, with trading volume plunging 21% to $2.3 billion.

The XRP price rose over 1% in the last 24 hours to trade at $2.466 as of 2:36 a.m. EST, with trading volume plunging 21% to $2.3 billion.

This slight increase comes as Nate Geraci, a leading ETF (exchange-traded fund) analyst, said on X that BlackRock and Fidelity will join the XRP ETF race.

> Ripple lawsuit coming to end...

> Seems obvious spot XRP ETF approval simply a matter of time IMO.

> And yes, I expect BlackRock, Fidelity, etc to all be involved.

> XRP currently 3rd largest non-stablecoin crypto asset by market cap. Largest ETF issuers aren’t going to ignore this.

Geraci also believes that the approval of the products is only “a matter of time.”

The optimism stems from the anticipation that the US Securities and Exchange Commission (SEC) will drop its case against Ripple. This would open the door for the approval of spot Bitcoin and Ethereum ETFs, paving the way for the introduction of an XRP ETF.

However, it's important to note that the integration of new tiers in the Simple Moving Averages (SMA) can sometimes be subjective, and different platforms may display minor variations, especially in the lower SMA tiers.

Moreover, the RSI reading is currently at 52.77, which is in neutral territory. This suggests that the market is not overbought or oversold, leaving room for further price movement in either direction.

The blue MACD line is above the orange signal line, and the histogram bars remain relatively small, which suggests that bullish momentum is slowly building.

If the bulls can push the price of XRP above the $2.50-$2.60 range, it could set the stage for a strong move towards the next resistance level, which is the previous high of $3.00.

A successful breakout and closure of the daily candle above $3.00 could pave the way for a continuation of the uptrend towards the $3.50 level.

However, if the breakout attempt fails and the price falls back into the channel, support levels at $2.00 and $1.75 (200-day SMA) could provide support for the sellers.

An interesting observation is that the price of the Ripple token has remained above the 200-day SMA for an extended period, which is a significant indicator of the long-term bullish trend.

The 50-day SMA, currently at $2.42, is acting as dynamic support, and XRP is consolidating just above it, which is a bullish sign that suggests buyers are regaining control.

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