XRP, the native cryptocurrency of the Ripple network, has been skyrocketing beyond everyone’s expectations. It did peak at a monthly high of $2.36 on April 28, 2025. Speculation is fueling this rally as investors speculate and wait in excitement for the possible approval of ProShares XRP futures ETFs. Positive technical indicators suggest that more gains may be on the immediate horizon. The recent price action marks a 5% daily gain and a substantial 46% increase over the past three weeks, drawing attention from investors and analysts alike.
Ripple’s long legal tussle with the SEC finally came to an end in March 2025, sending XRP price soaring on the crypto’s bullish surge. This triumph removed a major regulatory obstacle and paved the way for other potential ETF breakthroughs. The Ripple ecosystem continues to expand, as seen through Ripple’s strategic acquisitions further amplifying this positive sentiment around XRP.
Technical Analysis Points to Potential Rally
XRP’s recent price pump continues to pick up steam. It recently broke out from a bullish falling wedge pattern, which tends to precede big price surges. Analysts predict at least a 55% rally from the breakout point, with a target price of $3.63. This target fits with the cap expressed as a resistance level that market watchers have been observing.
Additionally, the 50-day Exponential Moving Average (EMA) is providing a dynamic support level, further confirming the bullish outlook. Notice how consistently XRP holds above this important long-term moving average indicating very strong buying pressure. This trend points to a possibility of extending the upward trend moving forward. The Relative Strength Index (RSI) for XRP is neutral. This means that there is still a lot of space for the crypto to gain traction without being overbought.
With XRP past $3.00, the support zone near $1.80 has turned into an important lifeline for XRP. In addition, it has been a reliable reversal zone in pullbacks past. There’s key support at $1.90 and then at $1.55. These new levels should act as a floor if/when there is any kind of downward correction.
ETF Anticipation Fuels XRP's Price
ProShares’ XRP futures ETF approval is propping up one major leg of the current price pump. The potential approval and launch of these ETFs are viewed as a catalyst for increased institutional and retail investment in XRP.
"The ETF announcements for XRP are widely accepted as a way for Institutional and retail to get exposure. Wincent's role as a liquidity provider through our OTC trading and market making means we are able to provide spot at very competitive rates to those XRP ETF institutions that can in turn pass on the low cost of access to the early ETF adopters. I expect we will see spot demand for XRP once these additional ETFs launch and help to bring more balance to BTC heavy portfolios given the differing use case of the two assets," - Paul Howard, Senior Director at Wincent.
As some analysts warn, futures ETFs are fundamentally different from spot ETFs in what they do to the underlying asset.
"But it’s not what many people think. It’s not a Spot ETF. It’s a Futures ETF. The difference? A Spot ETF buys and holds real XRP, creating real demand. A Futures ETF only bets on XRP’s price without touching a single real token." - John Squire (@TheCryptoSquire).
Futures ETFs will not create the same direct demand even if approved. They are a controlled, predictable and convenient mechanism for retail and institutional investors to increase their exposure to XRP, helping boost its price.
Ripple Ecosystem Expansion and Whale Activity
The Ripple ecosystem continues to grow and strengthen. It has been a string of positive developments for XRP indeed, starting with the recent acquisition of Hidden Road. Strategic moves like these demonstrate Ripple's commitment to growth and innovation, further solidifying XRP's position in the market.
"The Ripple ecosystem seems to go from strength to strength notably with the acquisition of Hidden Road against the backdrop of US centric coins. As we have stated several times this year, the growth of XRP reflects this and I expect this continues especially as payments and settlements become a more important use case for cryptocurrencies," - Paul Howard, Senior Director at Wincent.
High whale activity, defined as big transactions and whale holdings, bullish XRP price. Whale activity is usually a sign that big players have confidence in the long-term prospects of a cryptocurrency and can shift the overall market sentiment.
