XRP Price Prediction: Its Ascent to #3 After 25.8% Weekly Gain – Will Momentum Hold?
2025-07-13 15:09:11
Main Idea
XRP's price surged 25.8% weekly, reclaiming its position as the #3 cryptocurrency, with analysts predicting further gains due to ETF launches and technical breakouts.
Key Points
1. XRP's price surged 25.8% weekly, pushing its market value past $170 billion and breaking through the $2.80 resistance level.
2. ProShares announced the launch of the first XRP futures ETFs starting July 18, 2025, signaling increased institutional interest.
3. Eleven major asset managers, including Bitwise and Grayscale, have filed for XRP ETF products, while whale accumulation has reached historic highs.
4. Technical analysis suggests XRP could target $6–$8, with Fibonacci extensions indicating potential highs up to $26.35 in extended bull scenarios.
5. The Elliott Wave structure indicates XRP is in a strong upward wave (3), with RSI confirming bullish momentum and a terminal target of $5.70.
Description
XRP has reclaimed its position as the third-largest cryptocurrency by market capitalization following an explosive 25.8% weekly surge that pushed the token past $170 billion in market value. The Ripple-backed token broke through critical resistance at $2.80, decisively outperforming Bitcoin and Ethereum during a week that saw the broader crypto market reach new all-time highs. XRP ETF: A Big Catalyst for Sustained Momentum ProShares announced the launch of the first XRP futures ETFs beginning Ju...
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