“Momentum Builds as ETF Launch Approaches”
Quick Recap
Price: $3.45 (up ~6% since previous close)
High/Low Today: $3.65 / $3.19
Catalysts: ETF launch, GENIUS Act passage, whale accumulation, institutional inflows
Peter Brandt Eyes $4.47 Target: Veteran analyst Peter Brandt forecasts a 60% rally, targeting ~$4.47, based on bullish chart formations as XRP nears breakout setup
XRP Nears New All-Time Highs: ETF and regulatory optimism pushed XRP to an intraday peak of $3.65, nearly topping its previous ATH (~$3.64), with trading velocity surging
ETF Fuel: ProShares Launch Today: The US-listed ProShares Ultra XRP Futures ETF (UXRP) goes live today—bringing 2× leveraged exposure and material liquidity into the XRP ecosystem
Institutional Capital Flowing In: Following passage of the GENIUS Act, institutions are increasing exposure to XRP. The bill passed the House today, signaling regulatory momentum
Whale Accumulation on Chain: On-chain data reveals 167M XRP (~$497M) moved into accumulation wallets, suggesting major players are positioning ahead of ETF breakout
Technical & Sentiment Overview:
1. Support Zones: $3.00–$3.20 — strong institutional demand
2. Resistance Levels: $3.60–$3.65 (today’s high), next at $4.00–$4.50
3. On-Chain Metrics: Higher-lows pattern, strong ADX/MACD signals
4. Sentiment Index: Bullish | Greed at ~72% — momentum is firmly in buyers’ favor
Short-term chatter includes targets from $4.50 to $10+, depending on ETF performance and follow-up catalysts
What This Means for You
Mid-Term Holders: Accumulate on dips near $3.20–$3.30.
Short-Term Traders: Eye a clean breakout above $3.65+, with volume, targeting $4.00+.
Risk Watch: A slide below $3.00 could signal a pullback to $2.80–$2.90.
Key Watchpoints for July 18
✅ ETF Launch & Early Volume — UXRP’s initial trading range and premium will set the tone.
🏛️ GENIUS Act Signing — Senate/Senate outcome may add late-day volatility.
🐋 Whale Behavior — Continued accumulation vs. sudden sell flows.
Bottom Line:
XRP stands at a critical juncture—lined up with ETF power, regulatory wins, and on-chain strength. Today’s behavior—breaking $3.65 decisively with volume—could unlock a surge to $4.00+, while weakness below $3.00 may test support levels.
💬 Are you riding XRP’s ETF wave, or waiting for confirmation on breakout? Drop your strategy!
📌 DYOR | Not Financial Advice | Risk Management is Key
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