$XRP
XRP Gaining Momentum: Institutional Eyes on the Prize
XRP is once again in the spotlight as global institutions ramp up interest. With the launch of the world’s first spot XRP ETF (XRPH11) on Brazil’s B3 exchange, the sentiment around XRP is turning bullish. Backed by Hashdex and Genial Investimentos, this ETF directly tracks XRP’s price—giving investors regulated exposure to the token.
Meanwhile, in the U.S., ProShares is preparing to roll out XRP Futures ETFs on April 30, allowing traders to speculate on price movements without directly holding XRP. Even more momentum is expected in May when CME Group launches XRP futures contracts, signaling strong institutional demand.
These developments could act as a catalyst for the XRP/USDT and XRP/BTC trading pairs, especially as volumes spike in anticipation. If the U.S. approves a spot XRP ETF next, analysts expect a flood of capital—potentially mirroring Bitcoin’s rally post-ETF approval.
Currently trading around $2.18, XRP is holding firm with growing optimism. Traders are closely watching key resistance levels in the XRP/USDT pair, with many targeting a breakout above $2.50.
