XRP Aims for $3 – Ripple’s First ETF Surges Past $40M in Assets

XRP is once again under the spotlight. Although the price has dipped slightly from its recent high of $2.30 to $2.18, analysts believe that a fresh rally may be just ahead. Why? Because the first U.S.-based XRP ETF, launched by Teucrium, has already attracted over $40 million in net assets within just three weeks – a very bullish signal.

📊 XRP ETF: A Strong Launch and Investor Interest Launched on April 8, the 2x Long Daily XRP ETF (XXRP) became the first leveraged XRP-focused ETF in the U.S. Despite ongoing market volatility, the product quickly gained traction.

Analysts see this demand as a bullish indicator for XRP, as it could help break through the strong $2.20 resistance level and open the door to new price highs.

💬 Teucrium CEO: “XRP Has the Greatest Utility in Crypto” In an interview with Bloomberg, the CEO of Teucrium stated that XRP offers the broadest use cases in the crypto space—ranging from payments to tokenization and, more recently, brokerage services. Ripple’s acquisition of the Hidden Road platform, he said, is a strategic step in expanding that utility even further.

🐋 Whales Are Buying—Positioning for a Breakout? It’s not just institutions showing confidence. Data from Santiment reveals that whales holding between 1 to 100 million XRP tokens accumulated over 260 million XRP during the recent price climb. This indicates strong belief in the token’s future, with many expecting XRP to break above $3 and potentially hit new all-time highs.

📈 Technical Outlook: XRP Attempts Breakout from Downward Channel XRP is currently attempting to break out from a descending parallel channel that’s persisted for the past three months.

A successful close above the channel’s upper boundary would confirm a trend reversal. 🔹 First major resistance: $2.75

🔹 If broken, XRP could climb past $3.00 toward the next barrier at $3.29

🔹 Clearing that level could unlock a rally to new all-time highs

⚠️ What Could Stop the Rally? RSI shows signs of fading momentum—the recent buying pressure may be slowing.MACD needs to confirm the trend by crossing above the zero line.If RSI drops below 50 and MACD fails, a false breakout could occur.Key support lies at $2.05—falling below this could reignite a downward trend. 🔮 Outlook: Momentum Hinges on Big Players and Market Mood Thanks to strong institutional backing and whale accumulation, XRP has a real chance of resuming its upward trajectory. The key question is whether it can hold support and regain momentum. If so, breaking above $3 could be just the beginning.

#xrp , #Ripple , #Altcoin , #CryptoWhales , #CryptoPredictions

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