XRP Coin’s Price Targets a $3.60 Breakout Amidst SEC Approval Hopes

The cryptocurrency market is buzzing with anticipation regarding an Exchange-Traded Fund (ETF) for XRP, particularly after the Securities and Exchange Commission (SEC)’s recent progress on legal matters. This hopeful outlook has fueled optimism among XRP enthusiasts, who believe that an ETF approval could significantly boost the coin’s price in the coming months. While XRP currently trades around $3.2, a slight 0.3% decline was observed today. Analyst Ali Martinez remains optimistic about the short-term prospects of the coin, highlighting a potential price target above $3.60. However, despite this optimism, recent data suggests that XRP missed the opportunity to break past its July high and has been impacted by profit-taking following the Bitcoin (BTC) upswing.