XRP Price Set to Hit $3? New ETF Sparks Investor Frenzy!

Jakarta, Pintu News – As of April 24, 2025, the price of XRP was briefly trading at $2.15, after experiencing a 5% drop in 24 hours as traders sold their assets to take profits after the previous rally.

Even so, a recovery is still possible, especially after Teucrium’s first spot XRP ETF achieved net assets of $40 million in less than a month since its launch.

Meanwhile, Teucrium’s CEO threw his support behind XRP and called it the most useful crypto.

XRP price could potentially go higher amid ETF success

According to Teucrium’s official website, the XRP 2x Long daily ETF has raised more than $40 million in net assets. This is a commendable achievement, considering the product was only launched on April 8 and has been trading for less than three weeks.

Read also: Metaplanet Buys 145 More Bitcoins, Now Its Total Holdings Reach 5,000 BTC!

Teucrium’s XXRP leveraged product became the first XRP ETF to be launched in the US. The high interest from investors, despite market concerns, is a positive signal for Ripple’s price. This could push XRP through the important resistance level of $2.20 and accelerate towards new record highs.

At the same time, Teucrium’s CEO appeared in an interview with Bloomberg and stated that XRP has the most utility in the crypto industry.

He said Ripple has developed uses in payments, tokenization, and most recently, brokerage services after acquiring Hidden Road.

Not only institutions, but whale investors are also aggressively accumulating XRP, allegedly in anticipation of further price increases.

Data from Santiment shows that when the price of XRP spiked to its highest level in weeks, addresses holding between 1 million and 100 million Ripple tokens had bought as much as 260 million XRP.

The high interest from whales and institutions reflects an optimistic view of XRP’s current value and the belief among traders that the altcoin will continue to strengthen and break the $3 mark to set new records in the coming months.

Ripple Hints at Potential Breakout from Channel Down Pattern

After forming a series of lower lows over the past three months, the price of XRP is now starting to show signals of a breakout from the parallel descending channel pattern, by forming a new higher low.

This breakout will be confirmed if Ripple is able to close the candle firmly above the upper trend line.

Read also: Ethereum Stuck at $1.700 — Is a Shocking Drop to $1.300 Just Around the Corner?

The first resistance level that the XRP price will have to surpass if a breakout occurs is $2.75. If this level is successfully broken and confirmed as support, the uptrend is likely to continue beyond $3, towards the next resistance at $3.29.

If this hurdle is also cleared, XRP could potentially rally towards an all-time record high price.

However, traders need to pay attention to the movement of the RSI indicator, which currently shows that the buying pressure that pushed Ripple to the $2.30 level is starting to weaken. The RSI needs to recover and continue rising to maintain the upward momentum.

An uptrend will also get additional confirmation if the MACD line crosses the zero line from bottom to top.

This bullish XRP price prediction could become invalid if the RSI falls below the 50 level again, and the MACD rise turns out to be a false signal. The downtrend could continue if the XRP price falls below the $2.05 support level.

Given the high institutional interest in Teucrium’s XRP ETF and the massive accumulation by whales, it is likely that Ripple will continue its uptrend.

However, profit-taking by traders after the last rally could have slowed down the upside.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. XRP Price Eyes $3 as New Ripple ETF Amasses $40M in Net Assets. Accessed on April 25, 2025