XRP Price Poised for Surge Amid Key Catalysts and ETF Speculation

XRP is poised for a critical week as several bullish catalysts align, suggesting a potential price surge. The token has maintained its position above the $2.20 support zone despite recent market downturns.

Key Observations

XRP is currently targeting a retest of the $2.63 to $2.72 resistance zone.
Positive factors include ETF speculation and the end of the government shutdown.
A break below the $2.20 support could lead to a decline towards $1.90 to $2.00.
Maintaining the $2.20 support is crucial for a potential breakout.

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ETF Speculation Boosting Sentiment

Speculation around the approval of a US-listed XRP exchange-traded fund (ETF) is increasing.
Canary Capital's Form 8-A submission has heightened expectations for an imminent ETF debut.
Comparisons are being drawn to Bitcoin and Ethereum rallies post-ETF approvals, foreseeing similar institutional demand for XRP.

Currently, XRP trades at $2.41, experiencing a 2% dip in the last 24 hours. Holding the $2.20 support remains vital for another attempt at breaking the $2.72 resistance in the near future.

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