XRP (XRP) Price Prediction for July 17
2025-07-16 07:28:34
Main Idea
XRP price shows bullish momentum, reaching a local high of $3.03, driven by the SEC's approval of the ProShares Ultra XRP ETF, with potential for further gains if resistance levels are breached.
Key Points
1. XRP price extended its bullish streak to $3.03 but faced intraday resistance, currently trading near $2.91.
2. The SEC's approval of the ProShares Ultra XRP ETF on July 15 has injected optimism into the market, despite it being a futures-based product.
3. Key resistance levels are at $3.00–$3.03 and $3.20–$3.40, while support levels are at $2.84–$2.86 and $2.70.
4. Derivative data shows a 2.47% increase in open interest to $8.0B, with a long-biased sentiment among traders.
5. Technical indicators like the Chande Momentum Oscillator (87.94) and Parabolic SAR suggest strong bullish momentum, though short-term consolidation is possible.
Description
XRP price extended its bullish streak to a local high of $3.03 before facing intraday resistance, following the SEC’s approval of the ProShares Ultra XRP ETF. While the futures-based product does not directly hold XRP, the approval has injected renewed optimism across the market. At the time of writing, XRP price today trades near $2.91 after a minor intraday pullback. XRP Price Forecast Table: July 17, 2025 Indicator/Zone Level / Signal XRP price today $2.91 Resistance 1 $3.00–$3.03 (psychologi...
Latest News
- Trump Pushes GENIUS Act Back on Track as French Hill Confirms House Votes2025-07-16 18:00:05
- Bitcoin Pushes Past $119K in a New Attempt to Break Key Resistance2025-07-16 17:41:06
- Is XRP Going to Break $3 or Will a Pullback Dominate?2025-07-16 17:22:55
- Citigroup Confirms It Is Actively Evaluating a Citi-Issued Stablecoin2025-07-16 16:58:20
- WazirX Gets a Second Chance as Court Allows a Revote on Its Restructuring Plan2025-07-16 16:22:26