XRP news today: XRP Surges 3% as ETFs Launch, Court Win Boosts Price

XRP is gaining significant attention from investors as it experiences a resurgence following years of legal battles with the U.S. Securities and Exchange Commission (SEC). Ripple's recent major win in court has paved the way for ProShares to launch three XRP-focused ETFs: Ultra XRP (2x leverage), Short XRP, and Ultra Short XRP (-2x leverage). This move marks a substantial shift in regulatory clarity for XRP, which has been a contentious issue for years.

The launch of these ETFs is expected to bring large amounts of traditional capital into the crypto market, as they allow stock market investors to gain exposure to XRP without holding the cryptocurrency directly. This development, coupled with Grayscale's XRP spot ETF application nearing a decision and the CME gearing up for XRP futures, suggests that the conditions are ripe for a significant rally in XRP's price.

Technical analysis of the 1-hour XRP chart reveals strong upward momentum, with the price comfortably sitting above the $2.30 mark. The moving averages are stacked bullishly, indicating a strong buy signal. The recent surge shows a classic "golden cross," where shorter-term moving averages crossed above longer-term ones. This pattern, along with the formation of higher highs and higher lows, suggests a textbook bullish pattern. However, short-term resistance is seen around $2.35, and a successful breakout above this level could trigger a new wave of buying pressure.

The daily XRP price chart paints an even more exciting picture, with XRP surging nearly 3% in the last 24 hours to reach $2.29. It is now challenging the 100-day and 200-day moving averages near the $2.41 level. Breaking and holding above this zone would open the gates toward the $3 mark, a psychological resistance level. The ascending Accumulation/Distribution Line (ADL) signals strong buying interest, suggesting that whales are accumulating XRP in anticipation of bigger moves.

If XRP price breaks $3 cleanly, Fibonacci extension targets suggest $4.50 to $5.00 could come into play in a strong bull scenario. A 30x move from current levels would imply XRP reaching about $70, which is highly ambitious for May. However, smaller multiples like 2x to 5x ($4–$10) seem very achievable. The approval and imminent launch of three XRP ETFs are massive news, as ETFs are known to bring large amounts of traditional capital into crypto markets. The ProShares Ultra XRP and Short XRP ETFs mean both bulls and bears can now place leveraged bets on XRP’s price, increasing trading activity. Meanwhile, the Grayscale XRP Spot ETF application, with a decision expected by May 22, could be the biggest trigger yet. If approved, it would further legitimize XRP and likely drive institutional buying.

Add to that the CME’s XRP futures launch, and XRP will have all the infrastructure that helped Bitcoin and Ethereum explode to new highs in past cycles. While a 30x jump to $70+ in just one month is highly unlikely, a 2x to 5x rise from the current $2.30 range is realistic if the Spot ETF is approved, XRP futures launch successfully, and Bitcoin and the broader crypto market stay bullish. If XRP hits $10 by the end of May, a $1,000 investment today could grow to around $4,300, and if it surprises at $15, it could be worth around $6,500. Even without a full 30x move, the upside potential is huge.

With the legal cloud lifted, ETF launches kicking off, futures trading around the corner, and strong technical momentum, XRP is arguably facing its best setup since its historic rally in 2017-2018. Investors should watch for a breakout above $2.40 and then $3. If XRP can build volume and ride the wave of ETF and institutional excitement, May 2025 could be a turning point.