XRP Rockets 11.1% This Week – Are ETFs About to Trigger a Parabolic Surge?

XRP just flashed a bullish signal with an 11.1% weekly pump—and Wall Street's favorite crypto ETF bandwagon might be the rocket fuel it needs.

The ETF Effect: Hype or Game-Changer?

Remember when Bitcoin ETFs turned skeptics into moonboys overnight? Now the spotlight's shifting to altcoins, and XRP's price action suggests traders are front-running potential approval rumors. Never mind that most 'institutional products' just repackage the same volatility with a 2% management fee.

Technical Breakout or Bull Trap?

The double-digit surge cracked key resistance levels, but here's the kicker: every altcoin season starts with a convincing fakeout. Whether this holds depends on if ETF issuers decide XRP's regulatory clarity (or lack thereof) is worth their compliance paperwork.

One thing's certain—when finance giants start 'democratizing access' to crypto, someone's getting rich. And it's usually not the retail bagholders.

The SEC’s 2020 lawsuit alleged that XRP’s sales constituted unregistered securities offerings. In a 2023 landmark ruling, the court determined that XRP sales on exchanges like Coinbase and Binance were not securities transactions, though Ripple was found liable for certain institutional sales.

A proposed $50 million settlement earlier this year was rejected by the court, but the latest filing — with an SEC update due by August 15 — suggests a final resolution could be imminent. A legal settlement could clear the path for broader institutional participation, particularly if exchange-traded funds (ETFs) tied to XRP become a reality.

XRP Technical Breakout Targets $3.65

XRP price prediction is bullish as XRP is in action on the 2-hour chart, showing a breakout from a symmetrical triangle pattern formed after an 18% decline in late July. The breakout, supported by a strong ascending trendline, drove prices nearly 20% higher to challenge resistance at $3.38.

Momentum indicators align with this bullish bias — the MACD has flipped positive after a crossover, while the RSI holds NEAR 60, suggesting room for further upside before overbought conditions emerge.

The consolidation just below resistance resembles a bull flag formation, hinting at another potential leg higher. The 50-period simple moving average (SMA), now at $3.12, is rising alongside the trendline, providing a critical support zone for dip buyers. If bulls secure a decisive close above $3.38, Fibonacci projections and measured MOVE calculations point toward $3.51, followed by $3.65 — just shy of the 2018 all-time high.

• Immediate resistance: $3.38
• Next upside targets: $3.51, $3.65
• Key supports: $3.21, $3.12
• Breakout confirmation: Close above $3.38 on rising volume

ETF Momentum Could Drive Parabolic Gains

If the structure holds and especially if the SEC case goes in Ripple’s favor, ETF approval could be the catalyst. That would open the floodgates to institutional money, just like what happened with Bitcoin after the spot ETFs launched this year. Combine that with XRP’s technical momentum and we could see a parabolic move to and possibly above $4.00.

For traders, the setup is clear: a breakout above $3.38 with stops below $3.12 is a good risk reward. On the macro front, easing regulatory pressure and ETF inflows is a rare alignment of technicals and sentiment.

If all that lines up, XRP may not only retest 2018 highs but also set a new high, and be one of the top performers in the next crypto cycle.

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