XRP Skyrockets 25% as Historic ETF Approval Ignites Market Frenzy

Ripple's XRP just pulled off a stunner—a 25% surge on the back of the first-ever XRP ETF approval. Traders are piling in, regulators are scrambling, and Wall Street's old guard? Probably drafting angry memos.

Why This ETF Changes Everything

Forget 'crypto winter'—this greenlight melts the ice. The SEC's grudging nod signals institutional money might finally stop pretending blockchain is a fad. XRP's liquidity just got a turbocharge.

The Fine Print Skeptics Missed

Yes, 25% pops are nice. But the real story? Volume spiked 300% on the news. That's not retail FOMO—that's whales positioning before the real fireworks. (Cue the 'this time it's different' chorus.)

What's Next: Moon or Reality Check?

Technical charts scream bullish, but let's be real—no asset rides a 25% wave forever. Watch the $0.75 resistance level. Break that, and even the suits might stop yawning about 'internet money.'

One final thought: If banks start offering 'XRP wealth management' next week, remember—you heard the death rattle of 20th-century finance first.

TLDR

• XRP price surged 25% in the past week as NYSE approves the first XRP ETF launching July 18
• ProShares Ultra XRP ETF (UXRP) will provide 2x leveraged exposure to XRP through derivatives
• XRP is consolidating around $3.00-$3.10 zone after testing recent highs
• Technical analysis suggests XRP could reach $4.8 if it breaks above $3.00 resistance
• Current price is trading above $2.950 with key support at $2.880 level

XRP price has climbed 25% over the past seven days following major news from the New York Stock Exchange. The NYSE approved the first XRP-linked exchange-traded fund for trading this week.

The ProShares Ultra XRP ETF will begin trading on July 18 under the ticker UXRP. This fund provides 2x Leveraged exposure to XRP through derivatives like futures and options rather than holding the actual cryptocurrency.

We’re excited to introduce ProShares Ultra solana ETF (SLON) and ProShares Ultra XRP ETF (UXRP). These new funds target 2x the daily returns of Solana and XRP, respectively. Learn more about our crypto-linked ETFs: https://t.co/ivXmFp8gMJ

These funds invest in cryptocurrency… pic.twitter.com/m28zvnukkF

— ProShares (@ProShares) July 15, 2025

ProShares also received approval for its Ultra Solana ETF alongside the XRP fund. Both products aim to capitalize on growing institutional interest in major cryptocurrencies.

The market responded positively to the ETF news. XRP gained 1.1% in the past 24 hours as traders positioned ahead of the fund launch.

XRP price started fresh upward movement after settling above $2.840. The cryptocurrency climbed past the $2.950 resistance level and gained momentum toward $3.00.

Bulls pushed the price to test the $3.10 zone before some consolidation began. XRP formed a high at $3.10 and pulled back slightly below $3.050.

The price now trades above $2.950 and the 100-hourly moving average. A key bullish trend line has formed with support at $2.950 on hourly charts.

Technical Resistance Levels

XRP faces immediate resistance NEAR $3.020 on the upside. The first major resistance sits at $3.050 level.

A clear MOVE above $3.050 could send the price toward $3.10 resistance again. Further gains might target $3.120 or even $3.150 in the near term.

The next major hurdle for bulls appears near the $3.20 zone. Popular crypto trader Ali Martinez predicts XRP could reach $4.8 if it breaks decisively above $3.00.

A weekly close above $3 could send $XRP to a new all-time high of $4.80! pic.twitter.com/fvvq0EpW6j

— Ali (@ali_charts) July 16, 2025

Support Structure

If XRP fails to clear $3.00 resistance, it could decline toward support levels. Initial support sits near $2.950 and the trend line zone.

The trend line aligns with the 50% Fibonacci retracement level from the $2.660 swing low to $3.10 high. The next major support level is located near $2.880.

A break below $2.880 could trigger further decline toward $2.840 support. The next major support zone sits near $2.750.

Technical indicators show mixed signals. The hourly MACD is gaining pace in bullish territory while RSI remains above 50.

XRP briefly surpassed the $3.00 mark two days ago but faced selling pressure at that level. Above-average trading volumes confirmed sellers emerged once the price reached that threshold.

The current uptick could determine whether XRP breaks through this critical resistance level during U.S. trading hours.

XRP price has increased 1.1% in the past 24 hours as the market anticipates the ETF launch on July 18.