XRP is looking brighter today, climbing 3.5% from where it stood 24 hours ago! This uptick pulls it up from a weekend low of $2.37, a welcome change after weeks of hovering around the $2 to $2.2 range. This positive movement has given the broader crypto market a slightly more neutral vibe, pushing the ever-watchful Fear and Greed Index up to 45 from a more fearful 30 just on Sunday, according to market data trackers.

The XRP community is feeling noticeably more optimistic about where its price might be headed. This boost in sentiment seems to follow Ripple CEO Brad Garlinghouse’s announcement that the company’s four-year legal face-off with the US Securities and Exchange Commission (SEC) is finally over—though we’re still waiting for an official word from the SEC itself.

What’s giving the ‘greed’ index a little nudge upwards? It could well be the anticipation of more positive news for XRP’s price. Investors are keeping a close eye on Ripple, hoping for updates on new partnerships, details about the Ripple USD stablecoin (RLUSD), and maybe even confirmation of those whispers about a collaboration with SWIFT, the big name in global payments.

XRP follows historic trend, activity points to bull run

Historically, March has often been a good month for XRP, Ripple Ledger’s own token. If you look at the past 11 years, data from Cryptorank shows an average gain of 19.2% in March. However, as of Monday, XRP’s price growth for this month is actually down by 4.72%. It’s currently trading hands at $2.46, and we’ve still got the final trading week of March to get through.

Coingecko reports that XRP has seen a bit more than a 5% jump this week so far, recovering by a solid 26% from its lowest points in the last 30 days. Analysts are suggesting that if XRP sticks to its usual March patterns, this upward momentum could continue throughout the business week, potentially ending March 2025 on a positive note.

Adding to the positive vibes surrounding XRP, 21Shares has just announced the listing of three new exchange-traded products (ETPs) on Nasdaq Stockholm. Among them are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and notably, the 21Shares XRP ETP (AXRP).

According to a statement from ETF Express, there’s a growing buzz around crypto investments in the Nordic market. 21Shares is planning to bring its digital currency services to more investors across Europe as soon as they get the green light from regulators.

“This year really feels like a turning point for crypto in Europe,” commented Mandy Chiu, Head of Financial Product Development at 21Shares, during a recent press briefing. She noted, “We’re seeing growing confidence driven by the MiCA regulatory framework and a significant increase in institutional involvement.”

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Source: cryptopolitan.com