XRP Holds $3 Amid U.S. Spot ETF Launch Anticipation

XRP has shown significant resilience around the $3.00 price point, buoyed by technical patterns and upcoming market catalysts. Analysts highlight an ascending triangle formation on the 4-hour chart with key support levels near $2.97 and $2.85, suggesting a potential breakout toward $3.12 if momentum continues. The imminent launch of the first U.S. spot XRP exchange-traded fund (ETF) by Rex-Osprey, along with expectations for additional ETF approvals, is driving market anticipation and could lead to substantial inflows, potentially boosting XRP's market capitalization by billions. While XRP consolidates near $3, competing projects like Rollblock are gaining investor confidence through strong adoption and revenue models, indicating a dynamic crypto market environment. Traders are advised to watch for volume-confirmed breakouts above resistance and maintain risk management strategies around key moving averages. Overall, XRP's price action and upcoming institutional products position it for possible gains amid a cautiously optimistic market outlook.