XRP Soars 6% as SEC Greenlights Historic XRP ETF, Fueling Institutional Optimism

XRP surged over 6% to $2.33, breaking a prolonged consolidation phase, following the SEC’s groundbreaking approval of ProShares’ XRP futures ETF. The move signals a major leap toward institutional adoption, with whale activity intensifying as one entity moved 29.5 million XRP ($69M) to Coinbase. Analysts view this as a bullish catalyst for XRP’s future trajectory.

XRP Surges 6% as SEC Approves First-Ever XRP ETF, Sparking Market Optimism

XRP broke out of a weeks-long consolidation range, climbing over 6% to $2.33 amid heavy trading volume. The rally follows a landmark regulatory decision—the SEC’s approval of ProShares’ XRP futures ETF, marking a significant milestone for institutional adoption.

Whale activity intensified alongside the price movement, with one entity transferring 29.5 million XRP ($69 million) to Coinbase. Analysts suggest this could foreshadow broader institutional participation, with potential spot ETF approvals possibly channeling $100 billion into the asset.

XRP Price Surges 7% Ahead of ProShares’ ETF Launch, Eyes $2.5 Threshold

XRP’s price rallied sharply, gaining over 7% in a matter of hours, despite the typically subdued trading activity of a Sunday. The catalyst? The impending launch of ProShares’ XRP futures ETFs, set to begin trading on April 30. market participants are now speculating whether the digital asset can breach the $2.5 mark upon launch.

While the U.S. Securities and Exchange Commission approved a futures-based product rather than a spot ETF, the move has undeniably shifted sentiment toward bullish territory. XRP is already one of this year’s top performers, boasting a 340% surge—a rally largely attributed to Ripple’s favorable outcome in its legal battle with the SEC.

At press time, XRP trades NEAR $2.32, up 6.72% over the past 24 hours. The crypto community watches closely as the countdown to ProShares’ ETF debut continues.

Spot ETF Rumors Fuel XRP Demand and Market Surge

XRP’s price has solidified key support levels amid growing speculation about the potential approval of a Spot ETF. Analysts suggest this development could mark a turning point for investor sentiment, possibly triggering a sustained upward trajectory.

Trading volumes and price action indicate accelerating institutional interest. DeepSeek AI projects $640 million to $1.5 billion in capital inflows within the first quarter of ETF approval, potentially surpassing $2 billion within twelve months.

The regulatory landscape and technical indicators now align more favorably than at any point since Ripple’s landmark legal victories. Market makers appear to be positioning for a structural shift in XRP’s liquidity profile.

XRP Hits Monthly High Amid Whale Activity and ETF Speculation

XRP surged to a monthly high of $2.36, driven by significant whale transactions and growing market Optimism over a potential ETF approval. The cryptocurrency briefly touched $2.36 before stabilizing at $2.31, retaining most of its gains. Technical indicators suggest the rally may have further room to run.

A notable 29.5 million XRP transfer, valued at approximately $68.7 million, was recorded to Coinbase. The transaction, settled on the Ripple blockchain with a negligible fee of 0.00001 XRP, has sparked speculation about impending large-scale market moves. Such whale activity often precedes volatility, leaving traders watching for follow-through action.

XRP Price Prediction 2025: Key Resistance Break Could Propel Token to $10

XRP, often dubbed the ’sleeping giant’ of cryptocurrencies, has shown significant volatility in recent weeks as it tests a critical resistance zone between $2.45 and $2.71. A decisive breakout could pave the way for a rally toward new all-time highs near $10, building on its 12-month track record of explosive moves.

Legal clarity from the ongoing SEC vs. Ripple lawsuit and institutional adoption—highlighted by Franklin Templeton’s pioneering spot XRP ETF—are seen as key catalysts. Market participants are watching for regulatory developments that could unlock further upside potential.

ProShares Clarifies XRP ETF Launch Rumors Amid Market Confusion

Rumors of a ProShares XRP ETF launch on April 30 have been debunked, with the firm confirming no such plans exist. Misinformation stemmed from outdated regulatory filings, sparking unwarranted speculation across social media and news platforms.

Bloomberg ETF analyst James Seyffart noted the absence of an official launch date, tempering short-to-medium-term market expectations. ProShares emphasized its current lack of concrete plans for an XRP ETF, though investor interest in crypto-based financial products remains high.