XRP News Today: XRP ETF Hype vs. Death Cross: Will $1.75 Support Hold?

XRP's price trajectory has become a focal point for traders and analysts as conflicting signals emerge ahead of Grayscale's anticipated spot XRP ETF launch. The token, currently trading near $2.14, faces critical technical junctures that could determine its near-term direction.

A key support level at $1.75 is under scrutiny, with some analysts arguing it could stabilize the price and trigger a rebound. "If XRP holds above this range, it may signal a buying opportunity at $1.90 before targeting higher levels," said Ali Martinez, whose earlier projections have aligned with the current pullback. Conversely, a death cross formation on XRP's daily chart - where the 50-day EMA crossed below the 200-day EMA - has raised alarms among bearish observers, who predict a potential 55% drop to $1.

The impending launch of Grayscale's spot XRP ETF (GXRP) on Monday adds another layer of uncertainty. Market watchers suggest the product could inject bullish sentiment and attract institutional inflows if early demand is strong. This optimism is compounded by the token's alignment with historical patterns observed by traders. For instance, a $1.90 support level previously flagged by Martinez has materialized as a potential catalyst for a rally toward $6 under ideal conditions. However, broader market weakness - including a 21% drop in Bitcoin and a 26% decline in Ethereum this month - could dampen enthusiasm.

Ethereum traders are also bracing for a new wave of leveraged exposure as Leverage Shares prepares to launch 3x long and short ETFs for both BTC and ETH in Europe. The products, set to debut on the SIX Exchange next week, will offer European investors amplified exposure to crypto's volatile swings according to market analysts. This move follows similar proposals by Defiance Investments in the U.S., highlighting growing institutional interest in leveraged crypto products despite the risks of rapid liquidations during sharp price swings.

Meanwhile, DeFi liquidity challenges persist, with $12 billion in idle capital across protocols. 1inch's Aqua protocol aims to address this "liquidity crisis" by enabling shared capital pools without compromising user custody. The initiative underscores the sector's struggle to balance efficiency with security, especially as platforms like Aerodrome Finance recently faced a front-end attack.

The viral "apeing whitelist" phenomenon, meanwhile, has drawn attention to projects like Mutuum Finance, whose presale reached 90% completion in Phase 6. With Halborn Security now auditing its smart contracts, the platform aims to launch its lending protocol on the Sepolia testnet by Q4 2025. Such developments highlight the intersection of retail hype and institutional validation in crypto, where rapid growth often comes with heightened scrutiny.

As XRP and Ethereum traders navigate these dynamics, the coming weeks will test whether technical resilience, ETF launches, and institutional innovation can counteract the sector's broader bearish momentum.