XRP eyes $3.40 ahead of the ProShares XRP futures ETF launch
2025-07-17 09:57:13
Main Idea
XRP's price is rising ahead of the ProShares XRP futures ETF launch, with potential to reach $3.40 and possibly $5 if a spot XRP ETF is approved by the SEC.
Key Points
1. XRP is up 7% in the last 24 hours, trading above $3.10, targeting $3.40 ahead of the ProShares XRP futures ETF launch.
2. The ProShares XRP futures ETF, launching on July 18, will provide institutional traders with amplified exposure to XRP, though it does not directly hold the cryptocurrency.
3. Technical indicators suggest XRP is bullish, with strong support around $2.98 and potential to reach $3.40 or even its all-time high of $3.84.
4. Approval of a spot XRP ETF by the SEC could push XRP's price to $5 for the first time in its history.
5. Ether (ETH) is also performing well, up 8% in the last 24 hours and trading above $3,300.
Description
The cryptocurrency market continues its positive performance this week, with Ether leading the way. Bitcoin hit the $120k mark a few hours ago but has now retraced below $1,900. Ether, Ethereum’s native coin, is up 8% in the last 24 hours and now trades above $3,300. Ripple’s XRP is the second-best performer among the top 10 cryptocurrencies by market cap, adding over 7% to its value. The rally allowed XRP to hit the $3 mark for the first time since February 2025 and could rally higher to set a ...
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