XRP Price After Today's ETF Launch News:
According to available information, on May 22, 2025, it was announced the launch of the first futures ETF for XRP (1x XRP futures ETF) by Volatility Shares, which will be traded under the symbol XRPI on the Nasdaq. This fund indirectly invests in XRP futures contracts through a subsidiary in the Cayman Islands. Additionally, there are nine applications for spot XRP ETFs awaiting approval from the U.S. Securities and Exchange Commission (SEC), including an application from Franklin Templeton, but approval decisions have been postponed to June 2025.
Regarding the price of XRP, there is no accurate data on its current price today after the announcement, but according to recent reports, XRP traded at around $2.31 last Monday (May 19, 2025), with a gradual decline from its peak of $2.65 last week. The price appears to be supported at $2.28 by the 50-day exponential moving average (50-day EMA). There are expectations that the launch of ETF funds may boost demand for XRP, potentially pushing the price toward $3 or higher if the upward momentum continues, especially with ongoing optimism regarding potential approval of spot funds.
However, there are downside risks if the price breaks below the support level at $2.28, where it could drop to $2.00. The Money Flow Index (MFI) indicates continued investor interest, as more money is flowing into XRP compared to outflows, supporting the bullish outlook in the short term.
Trading Recommendations:
1 Short-term Traders (Day Traders/Scalpers):
◦ Buying Strategy: If XRP maintains support at $2.28 or higher, consider buying with targets at resistance levels of $2.50 or $2.80. Ensure there is a buy signal from indicators like MACD or RSI not being overbought (below 70).
◦ Stop Loss: Place a stop-loss order below $2.28 (like $2.20) to reduce risks in case of a downturn.
◦ Take Profits: Lock in profits at the mentioned resistance levels ($2.50 or $2.80) due to the potential for selling pressure from profit-taking.
2 Long-term Traders (HODLers):
◦ Hold Strategy: With the launch of the futures ETF today and increasing optimism regarding approval of spot funds by the end of 2025 (with a probability of 78-85% according to Polymarket), holding XRP may be an attractive investment. Forecasts suggest it could reach $5 by the end of 2025 if the price breaks above its historic high of $3.40.
◦ Gradual Entry: Consider buying small amounts at dips (like $2.20-$2.30) to reduce short-term volatility risks.
3 Risk Management:
◦ Monitor the Relative Strength Index (RSI); if it exceeds 70, it may indicate overbought conditions, increasing the risk of a reversal.
◦ Pay attention to regulatory news, especially decisions by the Securities and Exchange Commission regarding spot XRP funds, as delays may lead to volatility.
◦ As the lawsuit between Ripple and the SEC continues (despite a potential $125 million settlement), any negative developments may impact the price.
4 Leveraging ETF Funds:
◦ Investors interested in exposure to XRP without owning the currency directly might consider trading the Volatility Shares XRP futures ETF (XRPI) launched today.
◦ For traders who prefer speculation, consider the upcoming ProShares funds (Ultra XRP ETF, Short XRP ETF, UltraShort XRP ETF) that will provide leveraged (2x) or inverse (-1x or -2x) exposure upon launch.
Important Notes:
• The cryptocurrency market is extremely volatile, so personal analysis and careful risk management are essential.
• News related to ETF funds may lead to short-term volatility, so monitor market reactions over the next few days.
• If you are investing based on expectations of approval for spot funds, consider that delays until June 2025 may temporarily pressure the price.
If you need a deeper analysis or specific forecasts based on certain investment goals, please clarify that!