XRP Surges Near $3 on ETF Speculation and Regulatory Clarity
XRP has rallied over 12% in 24 hours, trading above $2.80 after weekly gains exceeded 25%. Rising futures open interest, now near a six-month high of $7.2 billion, suggests growing bullish conviction among professional traders. Initial momentum stemmed from Ripple’s push for U.S. regulatory clarity amid its SEC lawsuit and speculation of industry-friendly policies under a potential Trump administration. More recently, ETF speculation has intensified following Ripple’s withdrawal of its SEC cross-appeal, fueling expectations of a spot XRP ETF filing by BlackRock. Existing leveraged XRP products—ProShares Ultra XRP (UXRP) and Teucrium 2X Long Daily XRP (XXRP)—have seen steady inflows, with XXRP amassing nearly $160 million since April. JPMorgan forecasts that approved spot XRP ETFs could attract up to $8 billion in the first year. Technical analysis indicates a clear breakout above the $3 resistance could accelerate gains toward $9.63, provided momentum holds. Traders should monitor futures open interest, ETF developments, and policy updates as key drivers of XRP’s market trajectory.
Bullish
The combination of rising futures open interest and strong price performance indicates immediate bullish momentum as professional traders commit capital. ETF speculation and inflows into leveraged XRP products further support upside by signaling growing institutional appetite. Regulatory clarity steps, such as Ripple’s SEC cross-appeal withdrawal, reduce legal uncertainty and underscore potential approval of spot XRP ETFs. In the short term, a breakout above $3 could attract additional momentum traders, while in the long term, successful ETF listings and clearer rules may sustain higher price levels and increased liquidity. This confluence of market and regulatory factors points to a bullish outlook for XRP.