- Analyst says XRP may hit $3.70 with technical momentum.
- Canary Capital’s ETF could boost demand for U.S.-based crypto.
- Ripple’s new XRP credit card strengthens token adoption in finance.
XRP is showing renewed strength after weeks of price consolidation. Crypto analyst Ali Martinez reported that XRP is testing a descending trendline after extended consolidation.
He noted Fibonacci retracement levels continue to define key resistance and support areas. Current trading levels remain near $3.02, with possible short-term pullbacks to $2.85 and $2.76.
Martinez highlighted the $3.20–$3.30 zone as crucial for a breakout. If the price clears this area, the next targets stand at $3.50 and $3.70. According to Martinez, the market structure and technical momentum suggest XRP could reach these levels soon.
Canary Capital Files for U.S. Crypto ETF
Canary Capital has officially submitted a filing with the U.S. Securities and Exchange Commission under Form S-1. The product, named the “American-Made Crypto ETF,” will hold digital assets developed, mined, or operated in the United States.
Market analysts said the application signals growing demand for locally focused investment products in the digital asset space. Some analysts also observed that coins such as XRP, which originated in the U.S., could benefit directly from the filing.
The ETF may shift investor focus back toward American blockchain projects and support broader adoption of U.S.-based cryptocurrencies.
Ripple Launches XRP Edition Credit Card
Ripple has announced the Gemini Credit Card XRP Edition, which is designed for its user community. The card offers up to 4% instant cashback in XRP and provides seamless trading with $RLUSD on U.S. spot markets.
Ripple emphasized that transactions incur no additional conversion fees, aiming to simplify usage for consumers. The card is issued in a sleek metal design and integrates crypto rewards with everyday purchases.
CoinCryptoNewz’s recent report shows that the initiative could strengthen XRP adoption in financial services and support broader usage within mainstream payment systems. The move also reflects Ripple’s continued focus on bridging digital assets with consumer finance.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
