XRP price has struggled to gain momentum after being rejected from the $0.64 resistance level, reflecting the overall sluggish price action seen in other major cryptocurrencies like Bitcoin, Ethereum, and Solana.
To achieve an all-time high (ATH), XRP bulls must defend the critical $0.55 support level and break above the $0.6 resistance level. One of the key market movers for XRP is the potential approval of an XRP ETF by the SEC, which could significantly boost the price.
The possibility of an XRP ETF being approved by the SEC has created anticipation in the market, with investors closely monitoring any regulatory developments.
