XRP (XRP) has surged 25% in the past 7 days as excitement builds around a significant milestone – the New York Stock Exchange (NYSE) will list the first XRP-linked exchange-traded fund (ETF) this week.
The ProShares Ultra XRP ETF (UXRP) is set to launch on July 18, a move expected to attract significant trading volume and fuel a bullish XRP price prediction in the near term.
This could mark a pivotal moment for Ripple’s native assets after years of facing opposition from the U.S. Securities and Exchange Commission (SEC).
Alongside UXRP, ProShares was also able to get its Ultra Solana ETF (SLON) listed. This last fund functions similarly to UXRP but provides exposure to SOL instead.
A spot XRP ETF has not yet been approved. UXRP uses derivatives like futures and options to open leveraged positions to deliver its intended 2X result.
The market has reacted positively to the news, as XRP has increased by 1.1% in the past 24 hours.
XRP Price Prediction: XRP Eyes $4.8 if the $3 Barrier is Broken
The popular crypto trader Ali Martinez shared an XRP price prediction of $4.8 if the price manages to break through the $3 decisively within the next few days.
This is a critical threshold from both a psychological and technical perspective in the weekly chart according to Martinez, whose X account is followed by more than 140,000 users.
The daily chart confirms this view as the price is currently hitting this threshold and already showing signs of increasing selling pressure at this level.
The price action briefly surpassed that mark two days ago, and above-average trading volumes indicate that sellers showed up to cash out of their positions once XRP reached that mark.
Today’s uptick could seal the deal if bullish momentum picks up during the U.S. trading session.
A clean breakout could send XRP toward the $4 mark, though a quick retest of former resistance at $2.65 may be needed first to build the momentum.
Sure, $1,000 XRP might sound far-fetched now — but so did $100,000 Bitcoin a decade ago.
As XRP and other top cryptos eye new all-time highs, early-stage projects like SUBBD (SUBBD) could see even bigger upside, offering investors the kind of 10X potential they’re hunting for in the next wave of the bull market.
SUBBD (SUBBD) Nears $1M Raised to Change How Influencers Share Content
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Once the platform officially launches, demand for $SUBBD is expected to surge. Right now, you can still grab it at the discounted presale price of $0.055925 — before it hits the public market.
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The post XRP Price Prediction: NYSE Approves First 2x XRP ETF – Is $1,000 XRP Now in Play? appeared first on Cryptonews.
