ETF Approval and Technical Breakout Push XRP Go Toward $5
Grayscale convert dia Digital Large Cap Fund become spot ETF wey SEC approve to list for NYSE Arca, e spark beta strong uptrend for XRP. Even though e small delay for im first show, XRP don climb near 80% from April low, plus e jump 27% dis week reach about $2.71. On-chain tori show say some big whales transfer 33 million XRP (~$90 million) from Upbit go unknown wallet, plus dem waka 40 million XRP for private addresses and send another 25.49 million XRP go Coinbase. Bitcoin breakout to $118,800 dey help other cryptocurrencies gain more. Meanwhile, XRP ETF volume rise five times and 2x leveraged XRP ETF jump 27% one day. Traders now dey eye ProShares XRP futures ETFs launch for July 14 – Ultra, UltraShort, and Short. Technical indicators show say dem break from symmetrical triangle, pass retest for $2.15 breakout zone and some inverse patterns dey show. If XRP fit hold over $2.40, analysts believe say im go test $3 soon and aim $5–$5.30 long term, giving hope to reach im all-time high again.
Bullish
Di approval wey Grayscale bin give for im spot ETF plus big transfer dem from whales don cause strong buying pressure and price dey rise for XRP. For short term, when e break symetrical triangle and e still dey above $2.40, e show say momentum dey go $3, this one e get support from increase for ETF product volume and the wider rally of Bitcoin. For longer term, the steady interest wey institutions get through spot ETFs, the upcoming ProShares futures ETF launch dem, plus strong on-chain flows, dem dey support push go $5–$5.30, e fit even challenge the previous high dem.