In a much-awaited development that could shake up the digital asset space, a recent filing indicates that ProShares Trust may launch an XRP Exchange-Traded Fund (ETF) on April 30, 2025. While the U.S. Securities and Exchange Commission (SEC) has yet to confirm a final approval, the proposed public offering date is now in black and white, raising hopes—and eyebrows—across the crypto market.
The buzz began when industry sources reported on a U.S. SEC document showing ProShares’ registration statement under the Investment Company Act with an “approximate date of public offering” set for April 30. While not yet a formal green light, this is the clearest signal yet that an XRP ETF is imminent.
XRP Price and Market Sentiment
The XRP price surged on the news, outperforming most altcoins over the weekend. Market analysts say that the ETF speculation aligns with strong technical setups forming across the crypto landscape, particularly falling wedge breakouts, a classic bullish pattern.
The Bigger Picture
While questions remain—such as why only ProShares has surfaced with a proposed launch date, and where BlackRock, Fidelity, and others stand—most experts agree this is a pivotal moment for crypto. If confirmed, XRP would join a select club of U.S.-regulated ETF offerings, a move that could open the floodgates for institutional capital.
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The price of XRP has dropped by over 3% and is currently trading around $3.01. This brings the token dangerously close to falling below the crucial $3 support level, a price point that has held strong for quite some time. If it breaks below, it could signal more downside in the short term.
Weekly Chart Shows Weakness Ahead
Looking at XRP’s weekly price chart, analysts say there’s no confirmed end to the broader bull market yet. However, in the short term, the token is clearly showing signs of weakness, something that is also being seen across the wider crypto market.
A particularly concerning development is the bearish divergence forming on the XRP weekly chart. While the price has made higher highs in recent weeks, the Relative Strength Index (RSI), a key technical indicator, is making lower highs. This mismatch often points to an upcoming correction.
The current weekly candle is set to close in about 3.5 days. If it closes in the red, it will confirm the second lower high on the RSI, strengthening the bearish signal. If that happens, XRP could be in for a deeper pullback over the coming weeks or even months.
Bitcoin Dominance is Important
The only factor that could reverse this bearish trend is a sudden drop in Bitcoin dominance (the share of BTC in the total crypto market cap). A drop in BTC dominance would mean a shift in market focus toward altcoins like XRP, possibly starting another altcoin season.
However, as long as Bitcoin dominance remains strong and holds above its current support, altcoins could continue to face pressure.
Short-Term: Sideways Movement Continues
In the short term, XRP is moving sideways in a tight trading range. The support level lies between $2.90 and $3.00, while the resistance is between $3.30 and $3.40. For now, the price is bouncing between these two zones, holding support and rejecting resistance.
This sideways movement is expected to continue for the next few days or even the next couple of weeks.
The post XRP Price Prediction For August 1 appeared first on Coinpedia Fintech News
The price of XRP has dropped by over 3% and is currently trading around $3.01. This brings the token dangerously close to falling below the crucial $3 support level, a price point that has held strong for quite some time. If it breaks below, it could signal more downside in the short term. Weekly Chart …
As Bitcoin (BTC) price attempts to follow gold price action in a bullish outlook, Ripple Labs’ XRP has signaled early signs of imminent parabolic growth in the near future. The large-cap altcoin, with a fully diluted valuation of about $224 billion and a 24-hour average trading volume of around $4.7 billion, has rebounded over 10 percent in the past two days from a crucial support level.
After being trapped in a falling trend since the second inauguration of U.S. President Donald Trump
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
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XRP price retested and rebounded from a crucial support level of around $1.9 in the past few days.
XRP Price Chart Insights and Prediction
By now, it is safe to say that XRP price has already finalized the first rally of the 2024/2025 crypto bull rally and is in the process of kickstarting the next leg. From an Elliott wave principle, the XRP price has completed the first wave and is now on the edge of winding up the second wave, characterized by ABC correction.
From a technical analysis standpoint, XRP price, in the daily time frame, has been forming a mega-phone structure in the past few weeks. In the past few days, XRP price has successfully rebounded from the lower border of the mega-phone structure.
With the daily Relative Strength Index (RSI) forming a bullish divergence, XRP price is well positioned to rally towards $3 in the near future.
However, a consistent close below the established support level of around $1.9 will trigger a further selloff in the subsequent weeks.
Factors Fueling Bullish Outlook
As Coinpedia has explained in the past, Ripple Labs has made deliberate efforts to build the XRPL network and enhance the mainstream adoption of XRP via the web3 ecosystem. Already, Ripple Labs has launched a fiat-backed Stablecoin on the XRPL dubbed RLUSD to enhance liquidity for XRP-based DeFi protocols.
In a bid to ensure sustainable future growth, Ripple Labs has focused on working together with regulators around the world. As the SEC vs Ripple case approaches the end under the Trump administration, the payment blockchain announced that it has secured regulatory approval from the Dubai Financial Services Authority (DFSA).
The post XRP Price Prediction For March 13 appeared first on Coinpedia Fintech News
As Bitcoin (BTC) price attempts to follow gold price action in a bullish outlook, Ripple Labs’ XRP has signaled early signs of imminent parabolic growth in the near future. The large-cap altcoin, with a fully diluted valuation of about $224 billion and a 24-hour average trading volume of around $4.7 billion, has rebounded over 10 …
$XRP ETF APPROVED. https://t.co/JbJ5y39ky1
