🛡️ XRP ETF Status
ProShares Ultra XRP futures ETF received official SEC approval on July 15, 2025 for listing on NYSE Arca, confirming it’s real and imminent Yahoo Finance+8U.Today+8Finance Magnates+8FingerLakes1+2FingerLakes1+2Trading News+2.
A U.Today report (via Ripple legal advocate John Deaton) also noted ProShares’ ETF launch is “set to launch on July 18” U.Today+1The Coin Republic+1.
➡️ So yes, the ETF is confirmed—July 18 is the target for launch.
📈 XRP Price Reaction
XRP recently broke through $3.00, touching $3.10+, propelled by ETF optimism and strong technical setups (e.g. triangle and cup‑and‑handle patterns) .
Analysts now eye $3.20–$3.40 as near‑term resistance. A breakout above that could open the way to $4–$6 territory CoinDCX+5FingerLakes1+5Trading News+5.
🎯 Will XRP Hit $5 Before August?
Technical chart patterns (cup‑and‑handle, triangle) suggest a bullish breakout toward $5–$5.20 if momentum continues The Economic Times+6The Coin Republic+6Finance Magnates+6.
Traders caution it's short‑term leverage, and volatility remains high.
Many forecasts place a realistic target in the $4–$6 range, though $5 before August is possible but not guaranteed FingerLakes1.
🔎 Quick Summary
TriggerStatusOutlookETF (ProShares Ultra XRP futures)✅ Approved/Launching July 18Institutional inflows likelyPriceBroke $3.00–$3.10Bulls targeting $3.20–3.40, then $4–6$5 targetTechnically plausibleDepends on momentum & breakout strength
✅ Final Take
The ETF is official and rolling out July 18.
XRP has already hit $3.10+, and a successful ETF launch could fuel further rally.
If bullish momentum and patterns hold, $5 by August is within the realm of possibility—but not a sure thing.
Keep a close eye on volume, $3.20–$3.40 range, and overall market sentiment.
