XRP Eyes 55% Rally as ProShares ETF Approval Accelerates Momentum
2025-04-29
April 30, 2025 — XRP surged nearly 5% intraday, reaching a high of $2.36, as bullish sentiment intensifies ahead of key institutional catalysts.
The rally caps a three-week uptrend that has lifted the token’s price by more than 46%, fueled by futures ETF approvals, strategic whale accumulation, and a validated technical breakout with upside potential toward multi-year highs.
Read also: Brazil Launches First XRP ETF! Ripple's Adoption Becomes More Prominent
XRP ETF: ProShares Futures ETFs Ignite Institutional Interest
XRP’s latest leg upward coincides with the U.S. Securities and Exchange Commission’s (SEC) approval of three futures-based XRP ETFs under the ProShares Trust, officially launching today:
- ProShares XRP Strategy ETF
- ProShares Short XRP Strategy ETF
- ProShares XRP Blend Strategy ETF
These funds offer varying exposures to XRP price movements, enabling leveraged and inverse strategies for both retail and institutional investors.
Although these products are futures-based — not tracking XRP spot prices directly — they mark a significant step toward deeper capital market integration for the digital asset.
Momentum was further amplified by CME Group’s announcement to list XRP futures contracts beginning next month, alongside Bitcoin, Ethereum, and Solana, placing XRP among a select group of top-tier regulated digital assets.
While spot XRP ETFs remain in regulatory limbo, market participants increasingly interpret these developments as precursors to eventual approval. A final SEC decision on Grayscale’s spot XRP ETF application is expected by May 22.
Read also: Proshares' New XRP ETF to Launch on April 30th! Are Traders Bullish?
XRP ETF: Whale Accumulation Underscores Bullish Outlook
According to Glassnode, the number of wallet addresses holding 10,000 XRP or more has steadily risen, particularly during XRP’s recent 30% drawdown from its January peak of $3.40.
This trend indicates growing institutional and high-net-worth interest, as large holders accumulate positions during price corrections — often seen as a sign of strong long-term conviction.
The lack of significant sell pressure, even during periods of market volatility, reinforces XRP’s developing support structure and sets the stage for further gains.
XRP: Technical Breakout Targets $3.63
From a technical standpoint, XRP has broken out of a falling wedge pattern — a bullish continuation formation that typically signals a reversal of downward momentum.
This breakout supports a potential price target of $3.63, representing a 55% increase from current levels.
XRP is currently trading above its 50-period three-day exponential moving average (EMA), a historically reliable support zone.
The Relative Strength Index (RSI) remains in neutral territory, between 30 and 70, suggesting ample room for additional upside before entering overbought conditions.
Analysts emphasize that holding above key EMAs will be critical for XRP to maintain bullish structure, particularly in the lead-up to the SEC’s spot ETF decision.
Read also: Brazil Launches First XRP ETF! Ripple's Adoption Becomes More Prominent
Market Outlook
The convergence of ETF approvals, whale positioning, and bullish technical indicators paints a compelling picture for XRP’s short-term trajectory.
The ProShares futures ETF launch, now live, is expected to inject additional liquidity and volume into the market, while anticipation of spot ETF approval in May adds a speculative layer to current price action.
Should XRP continue to trade above critical support and attract further institutional interest, a test of the $3.63 level — and potentially the all-time high of $3.84 — could emerge as the next milestone in its recovery cycle.
Read more about XRP:
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FAQ
1. Why is XRP rising in price today?
XRP’s price surge is largely driven by growing institutional interest following the launch of ProShares’ three XRP futures ETFs. This, combined with bullish technical patterns and whale accumulation, has contributed to a nearly 5% intraday rally.
2. What are the new XRP ETFs launched by ProShares?
ProShares launched three futures-based ETFs: the XRP Strategy ETF, Short XRP Strategy ETF, and XRP Blend Strategy ETF. These offer exposure to XRP price movements without directly holding the asset, enabling both leveraged and inverse trading strategies.
3. How significant is CME Group’s plan to list XRP futures?
CME’s upcoming listing of XRP futures—alongside BTC, ETH, and SOL—signals major institutional validation. It places XRP among a select group of digital assets with fully regulated futures markets, increasing its credibility and investor access.
4. What does whale accumulation indicate about XRP’s outlook?
An increase in wallets holding 10,000+ XRP during recent market dips suggests long-term confidence from high-net-worth and institutional investors. This trend often precedes sustained upward momentum and helps solidify support zones.
5. What is XRP’s current technical price target?
After breaking out of a falling wedge pattern, XRP is eyeing a target of $3.63—a 55% gain from current levels. Sustaining momentum above key EMAs and maintaining volume support will be crucial for reaching this bullish objective.
Disclaimer: The content of this article does not constitute financial or investment advice.
