🚀 XRP closes April strong: ETFs, futures, and a 40% rally 🪙
XRP finishes April 2025 in one of its strongest moments of the year, driven by regulatory advancements, new financial products, and renewed market enthusiasm. Here are the highlights:
📈 April Performance
XRP has risen 40% in April, reaching a monthly high of $2.36 on April 28. Currently, it is trading around $2.26, consolidating a weekly gain of 4.4%.
🧾 Launch of XRP ETFs
ProShares will launch three ETFs based on XRP futures on April 30, following the tacit approval of the SEC. These include an Ultra XRP ETF, a Short XRP ETF, and an Ultra Short XRP ETF, offering investors new ways to gain exposure to the asset.
🏦 Growing institutional interest
CME Group announced the launch of XRP futures contracts for May 19, subject to regulatory approval. This move reflects the growing institutional interest in XRP and its integration into traditional financial products.
🔮 Outlook for May
Analysts suggest that the approval of a spot XRP ETF could drive its price up to $3.40, while a lack of approval could lead it to $1.61. The NUPL index reached 0.73, indicating growing confidence among long-term holders.
Do you think XRP will continue its rise in May? Share your thoughts and join the conversation! 💬
