XRP Up 6% In 7 Days: What Is Going On?

XRP's XRP/USD has been on an upward trajectory, gaining 6% in the past seven days.

This momentum follows growing optimism over Ripple's ETF approval prospects, fueled by the potential withdrawal of the ongoing SEC lawsuit.

Cryptocurrency	Price	Market Cap	24-Hour Trend	7-Day Trend
XRP XRP/USD	$2.47	$143.9 billion	+2.5%	+5.4%
Bitcoin BTC/USD	$88,407.62	$1.75 trillion	+3.9%	+5.9%
Ethereum ETH/USD	$2,088.52	$251.9 billion	+4.1%	+8.9%

Trader Notes: Crypto trader CW pointed out that XRP is approaching a major sell wall at $2.62, with another layer of resistance above it.

He suggests that once these barriers are cleared, there will be no significant resistance left, triggering the start of a real bull market.

$XRP has reached the sell wall. The sell wall is exist thick at $2.62.

And there is another sell wall on top of that.

As these two sell walls are broken, there will be no more sell walls. And then, the real bull market will begin. pic.twitter.com/jgOavdjBIF
— CW (@CW8900) March 24, 2025

Dark Defender, highlighted key levels for XRP's next move with resistance at $2.5, support at $2.42, next target: $2.75 and final target at $5.85.

Statistics: Coinglass data shows XRP open interest over the past 24 hours increased around 4% reaching $4 billion, while XRP derivatives trading volume expanded by 49.7% to $4.5 billion.

Liquidations in the past 24 hours stand at $3.48 million, with the majority being short liquidations.

Polymarket data shows the approval chances of a Ripple ETF in 2025 at 85%.

Community News: Japan's Open House Group, one of the country’s largest real estate companies, now accepts XRP for property purchases alongside Solana and Dogecoin.

The move aligns with Japan's progressive crypto regulations, making it easier for international investors to transact in digital assets.

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