#xrpetf
key Points
XRP gained 0.42% on April 26 to close at $2.1916, mirroring a broader crypto market cap rise to $2.92 trillion.
ProShares to launch three XRP Futures ETFs on April 30, boosting investor interest in XRP exposure.
XRP-spot ETF approvals may hinge on SEC appeal withdrawal and a favourable Ripple case settlement
ProShares XRP ETFs Set to Launch Amid Legal Breakthroughs
Investors brace for a potential game-changer in the XRP market. On Saturday, April 26, XRP gained 0.42%, partially reversing Friday’s 1.03% loss to close at $2.1916. The token mirrored the broader crypto market, which rose 0.31%, bringing the total market cap to $2.92 trillion.
XRP ETF-related news bolstered XRP demand. ProShares is set to launch its three XRP Futures ETFs on Wednesday, April 30. The ETFs, ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, will offer investors exposure to XRP price trends without holding the token directly.
Daily Chart
XRP trades below the 50-day Exponential Moving Average (EMA) but holds above the 200-day EMA, indicating a bearish near-term outlook with long-term support intact.
A break above the 50-day EMA could pave the way for a retest of the March 19 high of $2.5925. If XRP makes a decisive move above $2.5925, the January 16 high of $3.3999 may come into sight.
On the downside, a drop below the April 21 low of $2.0596 could expose the 200-day EMA and bring the $1.9299 support level into play.