XRP has broken through the critical $3.00 resistance level, soaring 4.85% to $3.05 with trading volume exceeding 170 million—signaling strong institutional interest ahead of tomorrow’s ProShares XRP Futures ETF launch.
Key Price Movements & Technical Breakdown
- Breakout Confirmed: XRP surged from $2.91 to $3.05, peaking at $3.09 with a 6.18% intraday range.
- Volume Spike: Afternoon session saw 170M+ in trades, confirming institutional participation.
- Support Holds Strong: $2.98–$3.00 zone defended successfully, preventing pullbacks.
- Final Hour Push: Price jumped 1.97% ($2.99 → $3.05) with 3.8M+ volume bursts.
Why Is XRP Rallying?
- XRP Futures ETF Launch (July 18) – ProShares’ new product is driving institutional inflows.
- Whale Accumulation – Large holders are buying near breakout levels.
- Technical Breakout – A close above $3.00 opens the door for $3.40+.
Next Price Targets: Where Does XRP Go From Here?
Bullish Scenario:
- If $3.00 holds as support, next targets are $3.20 → $3.40.
- Sustained ETF demand could fuel a larger rally toward $4.00.
Caution Signs:
- RSI is nearing overbought (risk of short-term pullback).
- Profit-taking near $3.10–$3.20 could trigger a dip.
Institutional Momentum Confirmed
- High volume breakout suggests real buying pressure, not just retail FOMO.
- Futures ETF inflows expected to add long-term liquidity.
Final Verdict: Is $3.40 Next?
With strong volume, ETF hype, and technical confirmation, XRP has a clear path to $3.40—but traders should watch for:
ETF launch impact (Will it sustain momentum?)
$3.00 support hold (Key for continuation)
Whale activity (Are big players taking profits?)
If bullish conditions hold, XRP could enter price discovery mode, targeting new 2025 highs.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.