The price of Ripple (XRP) has returned to a growth trajectory, maintaining above $3 during Friday's trading session. This bullish momentum follows the Federal Reserve's announcement on Thursday of a 25 basis point rate cut, boosting investors' confidence in the upward trend of the coin, with long positions targeting the historical high of $3.66 set in July.

Despite REX-Osprey launching the first XRP ETF (XRPP) and setting a volume record, the spot price of XRP has fallen instead of rising, decreasing by about 2% in the past 24 hours. This divergence indicates that while there is strong institutional demand for regulated products, bearish sentiment among short-term market participants is dominant. The Long-Short Ratio of XRP has dropped to a 30-day low, and the money flow indicator shows that selling pressure is increasing, suggesting that its price may face the risk of dipping to $2.87 in the short term.