XRP News Today: XRP Surges 4.85% to $3.05 as ProShares ETF Launch Nears

ProShares has launched a 2x leveraged ETF, offering traders amplified exposure to XRP price swings through a regulated structure. This development marks a significant milestone for XRP, as it becomes one of the top three cryptocurrencies following the approval of the ProShares Ultra XRP ETF. The ETF, which provides 2x daily exposure through futures contracts, is set to debut on July 18, 2025, and is expected to attract substantial institutional interest.

XRP has recently broken above the critical $3.00 level for the first time in over a year, driven by a powerful volume surge and rising institutional interest ahead of the ProShares XRP Futures ETF launch. The move saw XRP spike to $3.09 before settling around $3.05, representing a significant technical and psychological breakout. The 24-hour period from July 16, 05:00 UTC to July 17, 04:00 UTC saw XRP gain 4.85%, rising from $2.91 to $3.05, with intraday highs reaching $3.09. Trading activity was particularly intense during the afternoon session (17:00–20:00 UTC), where volume exceeded 170 million XRP, confirming strong market participation, likely including whales, crypto hedge funds, and ETF-aligned market makers.

The breakout comes as institutional flows ramp up ahead of ProShares' XRP Futures ETF, which will be the first XRP-linked futures product available to U.S. investors under a regulated structure. The ETF will begin trading on NYSE Arca, following approval by the Commodity Futures Trading Commission (CFTC) earlier this month — a key regulatory milestone that distinguishes it from spot XRP proposals still under review by the SEC. According to multiple trading desks, the $3.00 breakout was catalyzed not by speculative frenzy but by structured buying. These flows were anchored around key support zones at $2.98–$3.00, which held during minor pullbacks, suggesting price strength is supported by real liquidity rather than mere sentiment.

The price action leading up to the breakout displayed a classic technical accumulation pattern, culminating in a decisive breakout above resistance. The range was from $2.91 to $3.09, with a swing of $0.19 (6.18% intraday volatility). The breakout session saw over 170 million XRP traded between 17:00–20:00 UTC. In the final hour surge, from 03:39–04:38 UTC, XRP jumped 1.97%, from $2.99 to $3.05, with multiple volume bursts over 3.8 million XRP. Importantly, support at $2.98–$3.00 held throughout minor profit-taking phases, confirming its role as a new structural base. The short-term resistance at $3.09 has now emerged as the immediate level to clear, with upside targets at $3.40, $3.60, and potentially even $4.80–$5.00 if ETF-driven momentum continues.

XRP’s relative strength index (RSI) has entered overbought territory, typically signaling a potential pause or consolidation. However, many technical analysts suggest that ETF news flow and real liquidity inflow may override classical RSI signals — particularly in crypto markets where volume is concentrated around major catalysts. An overbought RSI isn’t bearish if the breakout is accompanied by real volume and structural support. If XRP holds above $3.00 into Monday’s session and clears $3.09, we’re looking at a clean runway to $3.40. Volume-weighted average price (VWAP) support just below $3.00 is critical: “If there’s a dip, $2.95–$2.98 is the reload zone.”

Institutional interest in XRP has been mounting since the legal clarity achieved in 2024, when a federal judge ruled that secondary market sales of XRP do not constitute securities transactions. This ruling, combined with growing ETF infrastructure, has prompted a quiet but steady increase in XRP allocation among structured products, including ETPs and managed crypto portfolios. The upcoming ProShares XRP Futures ETF is expected to attract hedge funds, proprietary desks, and RIAs seeking indirect exposure to XRP price movement without dealing with custody or direct token acquisition. While the product doesn’t track spot prices, it allows institutions to take directional views, hedge exposure, and engage in arbitrage strategies using CFTC-cleared derivatives.

XRP’s move comes as other altcoins remain largely range-bound. While Bitcoin continues to consolidate above $123,000 and Ethereum hovers near $3,100, XRP has outperformed both on a relative basis in the past week. This strength is attributed not only to ETF speculation but to growing cross-border adoption, with XRP Ledger seeing renewed activity from regional remittance services and DeFi protocols exploring integration. Meanwhile, on-chain data indicates an uptick in whale wallet activity, with addresses holding more than 10 million XRP increasing their holdings by 1.4% in the past seven days — a possible signal of pre-ETF positioning.

As XRP continues to hover just above the $3.00 threshold, several technical and fundamental indicators will shape the next move. A sustained close above $3.05–$3.09 with volume would validate the breakout and potentially trigger FOMO among sidelined traders. The ProShares’ ETF debut on July 18 will be a key litmus test. If volume exceeds $50M in the first week, upside momentum is likely to continue. Support at $2.95–$3.00: A retest of this zone without breaking below could offer a buy-the-dip opportunity. Broader crypto market trends and equity risk sentiment may influence follow-through, particularly if inflation or rate expectations shift.

While some remain cautious that the ETF launch may become a “sell-the-news” event, most indicators suggest that XRP's current momentum is backed by institutional flows and real structural change in its trading behavior. Unlike meme-driven rallies or illiquid spikes, the 170M+ volume breakout above $3.00 suggests that XRP is entering a new phase of price discovery — with significant upside potential if ETF adoption expands. If the $3.00 level flips to support and ETF demand proves resilient, XRP may finally begin reclaiming ground lost since its all-time high in 2018 — not as a speculative asset, but as a regulated, tradable instrument integrated into the global financial system.