- XRP ETF by ProShares launches July 18, offering institutional investors exposure without direct token ownership.
- XRP hit $2.98 before rejection at $3; RSI at 72.57 and MACD show momentum, but signs of slowing uptrend appear.
- Key support is at $2.80; holding above may target $3.10–$3.20, but a drop could send XRP back to $2.50 range.
Anticipation continues to build ahead of ProShares’ XRP Futures ETF launch, scheduled for July 18, 2025. The product recently received regulatory approval from NYSE Arca, placing XRP among the few digital assets with ETF listings.
This move allows investors to gain exposure to XRP without directly holding the token. With ETFs already active for Bitcoin and Ethereum, XRP’s addition to the list marks a new chapter for institutional access to the asset. However, while optimism surrounds the launch, XRP is now facing resistance at the key psychological level of $3.
XRP Faces Rejection at $3 Despite Strong Momentum
At press time, XRP was trading at $2.83, a 4.33% drop from the previous day’s price. After a solid rally in early July, the token approached $2.98 but failed to hold gains above that mark. A red candlestick on the daily chart now indicates a short-term rejection near the $3 barrier.
Technical indicators show recent strength, but caution is growing. The RSI is at 72.57, suggesting the token is slightly overbought. Meanwhile, the MACD line at 0.1683 is above the signal line at 0.0995, still confirming bullish momentum. However, the narrowing gap between the two lines shows reduced acceleration.
Volume is strong, with a daily total of 125.06 million, indicating high trader interest. However, the long upper wick on the most recent candle implies increasing selling pressure as XRP nears $3.
ETF Launch Expected to Influence Market Moves
The upcoming ETF launch introduces a regulated and accessible investment vehicle for XRP. As with similar products for BTC and ETH, this structure can attract institutional capital. According to official details, ProShares’ XRP Futures ETF will go live on July 18 and has already cleared NYSE Arca approval.
An ETF offers exposure without requiring direct crypto ownership, simplifying access for traditional investors. This development aligns with broader trends in the crypto sector, where more assets are entering regulated markets through ETFs.
Institutional participation often brings higher liquidity and reduced volatility. However, despite the added legitimacy, the immediate effect on price is tied to technical barriers, most notably, the $3 resistance zone.
Price Levels and Market Outlook Ahead of ETF Debut
The $3 level is critical both psychologically and technically, marking the next benchmark after a period of consolidation. Key support is at $2.80, where XRP is currently attempting to hold ground.
Further support zones include $2.50 and $2.30, both tied to previous breakout and consolidation phases. If XRP remains above $2.80 and volume increases, short-term targets include $3.10 and $3.20.
A break below $2.80, however, could lead to a retracement toward $2.60 or $2.50. Whether the ETF launch provides enough momentum for a breakout remains to be seen in the coming sessions.
Final Takeaway
XRP’s upcoming ETF listing by ProShares is pivotal in the token’s journey toward regulated financial markets. The current resistance at $3 reflects both technical challenges and profit-taking activity.
With strong indicators and institutional interest rising, price action in the days leading to July 18 will determine if XRP can break through this key level or face renewed consolidation below it.
