#GT# #BTC# #XRP# #ETH# #DOGE#

✅ The cryptocurrency market has shown a slight recovery in the past 24 hours, with Bitcoin and XRP leading the pack! 📈 After a sharp sell-off earlier this week, Bitcoin's price rose by about 2%, reaching around $81,600 on Wednesday, 12th March. But the real excitement comes from XRP!
🔹 Strong Recovery for Ripple (XRP)! The value of Ripple has surged by over 10% in just 24 hours, trading at around $2.15, after dropping to below two dollars on Tuesday. This strong increase indicates a potential bullish momentum in the future. The market capitalization of Ripple is approximately $215 billion, with a massive trading volume of $6.9 billion in 24 hours. 📊
Institutional demand drives XRP higher. This increase is partially attributed to growing institutional interest. On Tuesday, Franklin Templeton filed an application for an XRP spot trading fund with the US Securities and Exchange Commission (SEC), joining major players such as Grayscale, Bitwise, and WisdomTree in the approval race. This is a significant step for the future of XRP! 💼💥
🔹 Technical Outlook: Is XRP Ready to Break Out? XRP has been testing the minimum of a continued consolidation pattern for several weeks. With the daily Relative Strength Index showing increasing divergence, it appears that upward pressure is mounting. If Bitcoin regains its momentum and surpasses $100,000, XRP may witness a major breakout! 🚀
Approval by the US Securities and Exchange Commission for the exchange-traded XRP fund. Despite the SEC's delay of Grayscale's immediate request for the exchange-traded XRP fund, the chances of approval have risen to 73%. Approval may push the market towards further gains. 👀
The most important question: Will Bitcoin maintain its momentum? If so, Ripple and other alternative currencies may see a significant rise! 💥