XRP continues strong growth: Although it decreased by 8% on Tuesday, XRP still maintained a gain of 22.9% for the week. This indicates that despite short-term declines, the long-term growth trend of XRP is stable. Currently, the price of XRP is 1.35 USD with a market capitalization of approximately 77.27 billion USD.

Trading activities and technical indicators of XRP: The trading volume of XRP reached 10.63 billion USD in the past 24 hours. The RSI is at 76.19 indicating an overbought status, with a risk of price correction. However, the Stochastic and CCI indicators show a positive or neutral trend, and the MACD indicator indicates potential upward strength.

Support from moving averages and futures market: Both the EMA 10 and SMA 200 show the upward trend of XRP. Over 20 million USD in XRP futures contracts were liquidated, including 5.3 million USD in short positions and 14.87 million USD in long positions. This indicates that investors are weighing risks and benefits from XRP’s volatility.

Significant events and confidence in Ripple: Ripple has launched the first currency fund on the XRP Ledger, seen as a significant advancement in tokenized finance. Supporters of XRP believe that the strong monthly growth is a sign of increasing trust in Ripple’s ecosystem, despite market volatility.