XRP Price Rally Sparks Optimism Amid ECB Pontes System Selection

The European Central Bank's Pontes system has put XRP Ledger in focus as one of four DLT operators selected for the project. Axiology, which has a connection to XRP Ledger technology, is among those chosen.

Crypto analyst CW has identified a green signal on the three-week chart for XRP, indicating a possible move toward $5 followed by higher levels if the same phase pattern from previous cycles plays out again.

The current cycle is divided into four phases: accumulation (2014-2016), major rally (2017), correction (2018-2020), and Phase 4. The XRP price is currently testing $1.58, with $2.40 marking the first major resistance level.