XRP (Ripple): Cross‑Border Payment Standard Poised for ETF‑Fueled Breakout

With record whale accumulation and the ProShares UXRP ETF launching on July 18, XRP stands on the cusp of breaking through the critical $3 resistance—potentially reaching $3.40–4.47.

Today’s Update

$XRP trades at ~$2.92 (−0.8%), with 24h volume ~$8.8B and a market cap of ~$172B. Weekly sentiment remains bullish with ~+26–30% gains .

News & Price Drivers

• Short‑term: Whales added over 2.7k wallets ≥1M XRP (~47–49B); ProShares UXRP ETF launch on July 18; technical breakout from $2.58 to $2.96 with strong volume and short squeeze .

• Long‑term: XRP aligns with ISO 20022; Ripple expands EVM‑sidechain activity (~1.4k smart contracts); broad institutional use case in cross‑border payments and finance .

Technical Analysis & Scenarios

A falling wedge / ascending triangle structure forms, supported at $2.70–2.75.

• Bull: holds support → breakout >$3 → target $3.40–4.47 .

• Bear: breaks below $2.70 → retest $2.50–2.60 or wedge low ~$2.20–2.30 .

Investment Strategy

• Short‑term traders: Buy $2.75–2.85 on retest/breakout; target $3.00–3.40; SL < $2.70.

• Mid‑long-term holders: Accumulate $2.60–2.75; target $4.50–5.00+; SL < $2.50.

*Not financial advice. DYOR & manage your risk.