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Ripple Price Prediction As as ProShares XRP ETF Launches on July 18
The cryptocurrency community has been abuzz with the recent approval of ProShares’ XRP Futures ETF, set to launch on July 18. This significant development is expected to attract more institutional investors and potentially propel XRP’s price upward.
As a result, XRP’s price action has been displaying strong bullish signs. On the daily chart, it’s gradually approaching a crucial resistance level between $2.80 and $3. If XRP can successfully break above this barrier and sustain it, it could swiftly move towards its previous all-time high of $3.40. In the event that the rally continues, analysts have pinpointed higher price targets at $3.84, $4.33, and potentially even $5.00 in the coming weeks.
It’s essential to note that minor pullbacks are a normal occurrence during significant uptrends and should not deter long-term holders. Up until now, XRP’s price trend has remained optimistic, and the imminent ETF listing could offer it the required momentum boost.
The $3 level is currently the key point of focus for this prediction. A decisive daily close above this threshold would confirm a breakout and unlock the door to further gains. As excitement builds around the ETF launch, the overall market outlook for XRP appears strong.
At the time of writing, XRP’s price has dipped by more than 2% and is currently trading at $2.83.
Source: coinpedia.org
