XRP is nearing its historic peak price amid growing anticipation for the potential launch of the first U.S.-listed exchange-traded fund (ETF) dedicated to the token. This development could significantly accelerate institutional adoption and drive broader market growth.
The possibility of a ProShares XRP ETF offers institutional investors a regulated pathway to gain exposure to XRP.3.223.22, the token is closing in on its all-time high of $3.84 reached in 2018, with ETF rumors acting as a primary catalyst.
Recent regulatory progress, including the passage of two key cryptocurrency bills, is expected to enhance compliance standards and reduce market ambiguity. Analysts suggest the introduction of an XRP ETF could propel the token beyond its previous peak by increasing liquidity and market depth through institutional involvement.
Technical analysis highlights XRP’s breakout above the $2.60 resistance level as a critical bullish signal. Investor enthusiasm remains high, bolstered by the ETF prospects and an overall positive market sentiment surrounding the asset.