19.07.2025 07:22
An XRP exchange-traded fund (ETF) has received US regulatory approval, sparking significant excitement within the cryptocurrency market. This approval, and the subsequent listing of the ProShares Ultra XRP ETF (UXRP) on the New York Stock Exchange (NYSE) on July 18th, has already propelled XRP's price up 25% over the past week. Market analysts anticipate substantial trading volume driven by the ETF launch, further boosting XRP's value in the short term. This positive development could mark a turning point for Ripple's native asset after a prolonged legal battle with the US Securities and Exchange Commission (SEC).
Adding to the positive momentum, ProShares also successfully launched its Ultra Solana ETF (SLON), mirroring the structure of the UXRP but providing exposure to Solana (SOL). This dual success story has been well-received by the market, with XRP seeing a further 1.1% increase in the past 24 hours alone.
Popular crypto trader, Ali Martinez, with over 140,000 followers on X (formerly Twitter), forecasts an XRP price surge to $4.80 should the cryptocurrency decisively break the $3.00 resistance level. Martinez highlights the psychological and technical significance of this $3.00 mark on the weekly chart. Daily chart analysis supports this view, showing XRP currently approaching this level while exhibiting signs of increasing seller pressure. Recent price spikes above $3.00 were short-lived, with above-average trading volume indicating sellers quickly capitalizing on these brief gains.
The recent price increase could solidify its success if the bullish momentum strengthens during the US trading session. A clean breakout beyond $3.00 could trigger the predicted rise to $4.80, according to Martinez's analysis. However, it's important to note that this prediction, like any market forecast, involves inherent risk. Information obtained from internet sources suggests that platforms such as CoinFutures are offering leveraged trading opportunities for those wanting to participate in the current market activity surrounding XRP.
