XRP News Today: XRP Retests $3 Level Amid Bullish Sentiment and ETF Hype

Edo Farina, a prominent crypto advocate and dedicated supporter of XRP, recently expressed optimism about the digital asset's future, stating that it won't take long for XRP to surpass $3 again. This sentiment reflects the growing confidence within the XRP community, especially after the asset briefly reclaimed the $3 level before experiencing a slight dip. This retest is seen by many analysts as a healthy correction before the next upward movement.

Currently, XRP is trading around $2.96, having pulled back modestly from a recent high near $3. This slight correction follows a strong intraday rally, with price action fluctuating from lows of $2.85 to nearly $2.99. Despite the pullback, the overall sentiment remains bullish, and market momentum suggests that another attempt to push above $3 may arrive sooner than expected.

XRP’s brief move above the $3 mark marked a significant milestone, reawakening investor interest and triggering renewed speculation about an extended breakout. Analysts emphasize that this level now serves as both a psychological and technical barrier. With XRP quickly approaching it again, a confirmed close above $3 could usher in the next bullish phase.

The recent bounce was supported by rising trading volumes and increasing buying pressure, signaling strength among bulls. As XRP consolidates just below resistance, many believe it’s building energy for a sustainable surge. A major catalyst supporting this bullish outlook is the upcoming launch of ProShares’ XRP futures ETF, set to go live on July 18. As the first XRP-related ETF to gain approval from the SEC, it’s expected to inject a wave of institutional capital into the XRP ecosystem.

Meanwhile, on-chain data has shown an uptick in large investor activity. A multi-million XRP transfer into Coinbase was recorded just days before the ETF announcement, suggesting strategic positioning by whales. Additionally, the number of XRP wallets holding over 1 million tokens has reached a new high, underscoring growing long-term confidence.

Market analysts remain optimistic about XRP’s trajectory. Some have identified bullish technical formations, including symmetrical triangle breakouts and a rare “fulcrum” pattern, which historically precede large moves. Forecasts range from initial targets around $3.40 to extended projections near $4.80, depending on market momentum. Veteran trader Peter Brandt has also weighed in, pointing to conditions that could support a rapid price advance if XRP clears the $3 threshold with conviction.

Edo Farina’s remarks echo his longstanding belief that XRP remains significantly undervalued. Earlier this year, he warned that selling around $3 could be one of the worst financial mistakes an investor could make, citing constrained future supply and the prospect of institutional adoption. His recent post reinforces that view, suggesting the pullback is only temporary and that a breakout is imminent. For many XRP holders, Farina’s confidence is more than sentiment; it aligns with the evolving fundamentals and macro developments now supporting the asset.

Though XRP has briefly slipped below $3 after reclaiming it, the retracement is widely seen as a consolidation phase rather than a reversal. With ETF-driven momentum building, growing whale accumulation, and bullish technicals converging, the market appears primed for another push. Farina’s words may soon prove prophetic: it may not take long for XRP to rise, and stay, above $3.