XRP Price Prediction: NYSE Approves First 2x XRP ETF – Is $1,000 XRP Now in Play?
2025-07-16 16:54:19
Main Idea
The New York Stock Exchange (NYSE) has approved the first 2x leveraged XRP ETF (UXRP), set to launch on July 18, 2025, which has sparked bullish XRP price predictions and increased market excitement.
Key Points
1. The ProShares Ultra XRP ETF (UXRP) is the first XRP-linked ETF approved by the NYSE, launching on July 18, 2025, and aims to provide 2x the daily returns of XRP.
2. XRP's price surged 25% in the past 7 days following the ETF announcement, with further bullish momentum expected if it breaks the $3 resistance level.
3. Crypto trader Ali Martinez predicts XRP could reach $4.8 if it decisively closes above $3, based on technical analysis.
4. The ETF approval is seen as a pivotal moment for XRP, which has faced regulatory challenges from the SEC in the past.
5. Alongside UXRP, ProShares also secured approval for the Ultra Solana ETF (SLON), indicating growing institutional interest in crypto-linked ETFs.
Description
XRP (XRP) has surged 25% in the past 7 days as excitement builds around a significant milestone – the New York Stock Exchange (NYSE) will list the first XRP-linked exchange-traded fund (ETF) this week. The ProShares Ultra XRP ETF (UXRP) is set to launch on July 18 , a move expected to attract significant trading volume and fuel a bullish XRP price prediction in the near term. We’re excited to introduce ProShares Ultra Solana ETF (SLON) and ProShares Ultra XRP ETF (UXRP). These new funds target 2...
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