XRP is at $3.26 today. It’s up about 7.7% in the last 24 hours. It outperformed Bitcoin, which is down slightly. Institutional money, technicals, and ETF excitement are behind the move. It hit a high of $3.27 and a low of $2.95 today. Cryptocurrency continues to be listed amongst the top 10, reflecting an altogether tranquil market stats.
Traders saw a strong bounce as XRP broke the $2.98-$3.00 support zone. That level held throughout the day. High volume confirmed buyers were active with over 170 million tokens traded during the breakout.
The market is bullish. Bitcoin is above $118k, and Ethereum is at $6.4k. That’s good for altcoins, including XRP. Altcoins are up today, with Ether up 9.5%.
Institutional and Regulatory Catalysts
The US House passed crypto bills like the GENIUS and CLARITY Acts. That’s a big deal. Analysts see that as a green light for institutional money to flow into XRP.
Renowned trader Peter Brandt predicts a 60 % move to $4.47. Bitget analysts are also expecting XRP to reach $5 by end-2025. That’s in line with the broader sentiment.
ETF Launch Spurs Momentum
ProShares is launching a 2x leveraged XRP futures ETF on July 18. That’s bringing institutional traders into crypto. Futures ETFs allow institutions to get XRP gains without touching the tokens directly.
According to CoinDesk, XRP has grown by 4.85% from $2.91 to $3.05. It peaked at $3.09 on high volume. Cryptonews called it a breakout near an all-time high.
MorningStar confirmed ProShares launched the leveraged ETF, expanding XRP’s derivatives market.
Technical Outlook
XRP has strong technicals. It broke above $3.00 after consolidating at $2.30-$2.85. That level turned into support.
Analysts from Coinpedia are seeing a bullish “C-wave” pattern forming, with resistance at $3.18 and $3.40. DailyForex noted 7% in 24 hours and 30% in a week. Economic Times is expecting short-term targets of $3.40-$3.60 if the momentum continues. Technicals are expecting a move to $4.80-$5.00 if XRP closes above $3.00.
Risk and Pullback Scenarios
XRP hit resistance at $3.00 recently. It dropped 8% from $3.02 to $2.78 before bouncing back. That was due to institutional risk-off trading ahead of the ETF launch.
Analysts warn overbought RSI may lead to consolidation near support. Pullbacks to $2.70-$2.60 are possible if bulls lose steam.
On-Chain and Fundamental Drivers
XRP uses a fast federated consensus protocol that finalizes transactions in seconds. Ripple is launching its RLUSD stablecoin to support broader financial adoption.
Ripple is pushing for a US bank charter, adding to the regulatory momentum.
Price Forecast and Strategy
Traders watch for resistance and support. Key support is at $2.98-$3.00, and secondary support is at $2.85-$2.75. Breaking above $3.09-$3.18 could get us to $3.40-$3.60.
A weekly close above $3.00 could trigger a bigger move to $4.80-$5.00. Analysts recommend buying dips at $2.90 for bullish exposure.
Traders are talking about pullbacks to $2.70 if resistance holds. But institutional flows and ETF catalysts may keep buying interest strong.
XRP is on fire and holding above $3.25. Traders are waiting for the breakout. ProShares’ ETF is coming soon, and many think it will bring in more liquidity and institutional money. Analysts expect high volume all week. On-chain data shows increasing wallet activity. As sentiment is bullish, XRP could go into a long-term uptrend if it holds above these levels. The next few days are key.
Summary
XRP is trading at $3.26 today with 7.7% daily gains and 28-34% weekly gains. Institutional support, strong fundamentals and futures ETF hype are driving the momentum.
Buy-side is at $2.98-$3.00. Bulls are eyeing $3.18, then $3.40-$3.60. Optimists are looking at $4.47-$5.00 if trends hold.
Traders must watch support levels and ETF developments. Ripple’s stablecoin, bank charter and regulatory clarity all help XRP’s case.
