XRP Poised for Breakout as 100-Day EMA Holds Key to Next Major Move

XRP is currently at a pivotal technical juncture, with its next significant price movement hinging on its ability to break through the 100-day exponential moving average (EMA). After months of sluggish trading, the cryptocurrency is showing early signs of a potential revival as it tests this critical resistance level. A breakout from a prolonged descending wedge pattern suggests bullish potential, but the 100-day EMA remains a formidable barrier to upward momentum. This article delves into the technical dynamics at play and what traders can expect in the coming weeks.

XRP Eyes Major Breakout as 100-Day EMA Becomes Key Battleground

XRP stands at a technical crossroads, with its next major price movement likely determined by its ability to conquer the 100-day exponential moving average. After months of lethargic trading, the asset shows tentative signs of revival as it tests this critical resistance level.

The breakout from a prolonged descending wedge pattern hints at bullish potential, yet the 100-day EMA continues to repel upward momentum. Rising trading volume suggests mounting pressure for a decisive move—a clean break above the EMA could propel XRP toward $2.50, while rejection may trigger another consolidation phase.

XRP Price Shows Strength — Breakout Above Key Levels Possible?

XRP has initiated a fresh upward trajectory, breaking through the $2.20 resistance level with conviction. The cryptocurrency now consolidates NEAR $2.28, signaling potential for further gains if bullish momentum sustains.

A connecting trend line on the hourly chart provides support at $2.24, while the price maintains its position above both the $2.22 level and the 100-hour moving average. market observers note the formation of a local high at $2.294 before a minor retracement occurred.

The asset’s performance mirrors broader market trends, with Bitcoin and Ethereum showing similar strength. Traders anticipate another leg up unless XRP fails to hold the critical $2.20 support level.

SEC Approves ProShares XRP Futures ETFs for April 30 Launch

The U.S. Securities and Exchange Commission has greenlit three XRP-linked exchange-traded funds from ProShares, set to debut on April 30, 2025. The suite includes an Ultra XRP ETF with 2x Leveraged exposure, a Short XRP ETF, and an Ultra Short XRP ETF offering -2x inverse leverage.

Leveraged products allow traders to amplify gains—or losses—by doubling daily XRP price movements in either direction. The approval marks a significant step for XRP derivatives despite ongoing regulatory ambiguity around spot ETF products.

ProShares’ filing confirms Wall Street’s growing appetite for structured crypto products, even as the SEC maintains cautious oversight. Market makers anticipate heightened volatility around the launch date as institutional players gain new tools to express directional views on XRP.

SEC Approves XRP 2X ETF Launch, ProShares Prepares for April 30 Debut

The U.S. Securities and Exchange Commission has cleared the path for the launch of leveraged XRP ETFs, with ProShares finalizing three futures-based products. The XRP 2X ETF, generating significant market interest, is scheduled to go live on April 30, 2025.

This development arrives amid persistent cryptocurrency volatility, offering investors regulated exposure to XRP price movements. ProShares’ product suite includes a leveraged fund alongside other variants, though complete details remain undisclosed.

SEC Approves ProShares XRP Futures ETFs, Trading Begins April 30

The U.S. Securities and Exchange Commission has greenlit ProShares Trust to list a suite of XRP futures ETFs, with trading set to commence on April 30, 2025. The move signals growing institutional acceptance of crypto derivatives, though spot ETFs for XRP remain unapproved.

Regulatory hesitation persists around spot products, contrasting with the forward momentum for futures-based offerings. Market participants view this as a incremental step toward broader XRP adoption in traditional finance.

XRP Price Surges Amid Rising Trading Volume

Ripple’s XRP climbed 6.43% to $2.31 as trading volume spiked 73% to $4.39 billion, signaling strong investor interest. The token has gained 8.61% over the past week, pushing its market capitalization to $135 billion.

Pudgy Penguins, Monero, and DeepBook Protocol led gainers in the last 24 hours, while Artificial Superintelligence Alliance and Bitcoin SV underperformed. The volume surge suggests traders anticipate near-term upside for XRP.