XRP ready to set a new record high, uXRP ETF gets the green light!

Jakarta, Pintu News – The crypto market is buzzing again with the latest news regarding Ripple (XRP) which is predicted to reach new highs. Leading analyst, Ali Martinez, expressed high optimism towards XRP’s performance, especially after the approval of the UXRP ETF by ProShares on NYSE Arca.

Astonishing Predictions from Crypto Analysts

Ali Martinez, a respected crypto analyst, recently came up with a bullish prediction for Ripple (XRP). According to him, XRP is showing strong technical signals with the potential to reach new record highs. Martinez emphasized that if XRP can close the week above $3, it will open up the opportunity for a rise towards $3.4 and even approach the previous record high in 2018 of almost $3.8.

Martinez also projected that XRP could surge up to $4.8 if it is able to maintain its bullish structure. This optimism is supported by increased regulatory clarity, the banking license approval that Ripple will receive, as well as Brad Garlinghouse’s further involvement in shaping crypto policy in the United States.

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UXRP ETF Adds to XRP’s Appeal

ProShares has just received approval to launch the Ultra XRP (UXRP) ETF on NYSE Arca, which is scheduled to begin trading later this week. The ETF is designed to provide double the daily performance of XRP, allowing traders to magnify gains as well as potential losses based on short-term price fluctuations.

The UXRP ETF does not directly hold Ripple (XRP), but instead follows price movements through futures contracts and rebalances daily to maintain double exposure. According to the fund’s prospectus, this ETF is more suitable for active traders than passive investors, as its performance may differ over longer periods of time, especially in volatile markets.

Broader Implications of the UXRP ETF Launch

The launch of the UXRP ETF by ProShares is considered an important step in increasing institutional participation in XRP derivatives. DTCC has confirmed that the UXRP ETF is now on their clearing platform, a crucial step to initiate direct trading. This marks a larger trend among institutions that could transform the XRP market.

Canary Capital’s CEO even argued that the XRP ETF could surpass the Ethereum (ETH) and Solana (SOL) ETF products in terms of performance. With the ETF launch scheduled for this Friday, many are watching to see if the token can sustain the momentum above $3 and retest the previous peak.

Conclusion: Bright Future for XRP

With a series of positive news and support from new financial products such as the UXRP ETF, Ripple (XRP) seems to be on track to reach and even surpass its previous record high price. Investors and market watchers will continue to monitor these developments with enthusiasm.

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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. XRP to Hit New ATH, Expert Says as NYSE Arca Approves uXRP ETF. Accessed on July 17, 2025