XRP (XRP) has gone up by 11% in the past 24 hours and has broken through the $3 barrier, which favors a bullish XRP price prediction.
This rally seems to have been ignited by the approval of the first exchange-traded fund (ETF) linked to this token in the United States.
The ProShares Ultra XRP ETF (UXRP) will hit the trading floor today once the American session opens.
This vehicle provides leveraged exposure to the native asset of the Ripple network. It will seek to produce two times the daily performance of XRP. It will achieve this by investing in derivatives like futures and options.
Although a spot ETF has not been approved for XRP yet, this marks a pivotal moment for this blockchain project after years of facing regulatory and legal issues, including a long-standing lawsuit by the U.S. Securities and Exchange Commission (SEC).
XRP has now delivered a 57.2% gain since the year started and has broken out of its consolidation. The token stands just 15% away from its January 18 all-time high of $3.84.
XRP Price Prediction: XRP Eyes $3.77 as First Stop After Breakout
Trading volumes in the past 24 hours have nearly doubled after XRP broke the $3 threshold as it has potentially triggered a short-squeeze.
Data from CoinGlass indicates that $360 million worth of short positions have been blown up in the past 24 hours. Around 7% of that total corresponds to XRP while Ethereum shorts suffered the strongest liquidations as the top altcoin reached $3,450.
By using the height of the consolidation pattern seen in the daily chart we could estimate the magnitude of XRP’s next leg up.
As a result, a 38% gain could be expected, meaning a baseline XRP price prediction of $3.77 per token for the next few days if bullish momentum continues to gain traction.
The Relative Strength Index (RSI) has already entered overbought territory. This increases the risk of a pullback but also favors a bullish outlook as it means that the uptrend is quite strong.
Significant liquidity lies above the $3.4 level – the token’s local high – and we could expect a big explosive move once XRP hits that threshold as market participants will aim to fill the high volume of orders that sit at that level.
As top cryptos continue their relentless rally, the best crypto presales are poised to deliver the highest returns as investors are hunting for assets that can deliver 10X gains.
Bitcoin Hyper (HYPER) Raises More Than $3M to Unlock the Untapped Potential of BTCFi
Bitcoin Hyper (HYPER) has raised more than $3 million through its crypto presale already to launch its Solana-based side chain.
This project will allow BTC holders to stake, earn yield, and lend their tokens safely and without leaving the security of the Bitcoin network.
Through a Solana-powered bridge, BTC tokens will be sent to a canonical Bitcoin wallet address and will be automatically minted in the Bitcoin Hyper L2 to access its DeFi ecosystem.
Once this solution is embraced by top wallets and exchanges, the demand for its utility token, $HYPER, will skyrocket.
To buy this token at its discounted presale price, simply head to the Bitcoin Hyper website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH or use a bank card to invest.
The post XRP Price Prediction 17 July, 2025: Is Ripple Price Going to $4 Today After Launch of UXRP ETF? appeared first on Cryptonews.
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