Momentum Builds as XRP Breaks $3 Ahead of ETF Debut, $3.40 in Focus

XRP Breaks $3 on Heavy Volume as ETF Anticipation Builds

XRP surged past the key $3.00 mark in the past 24 hours, driven by mounting institutional flows ahead of the ProShares XRP Futures ETF launch scheduled for July 18. The token climbed 4.85%, moving from $2.91 to $3.05, and briefly peaked at $3.09 — signaling a breakout from its recent consolidation phase.

Institutional Activity Heats Up

A significant volume spike accompanied the move. More than 170 million tokens traded during the afternoon session (17:00–20:00), with XRP decisively clearing the psychological $3.00 resistance level. Price held strong within the $2.98–$3.00 range through multiple retests, suggesting robust institutional support.

In the final hour of the session (03:39–04:38), XRP advanced from $2.99 to $3.05 (+1.97%), with over 3.8 million tokens changing hands, confirming continued buying interest into the close.

Key Metrics

• Price Range: $2.91 → $3.09 (6.18% intraday volatility)
• Afternoon Breakout Volume: 170M+ tokens traded
• Support Zone: $2.98–$3.00 holding firm
• Short-Term Resistance: $3.09

Market Dynamics

The move signals a structural shift in XRP’s market, backed by institutional flows rather than speculative noise. Traders are now eyeing a sustained close above $3.09 as a potential trigger for a move toward $3.40–$3.60, with $4.80–$5.00 as a longer-term target if ETF-driven momentum accelerates.

While the RSI suggests overbought conditions, analysts expect any pullbacks to be shallow, offering re-entry opportunities near $2.95–$2.98. The ETF’s launch could act as a key catalyst — provided follow-through buying emerges post-listing.

Technical Snapshot

• Confirmed Breakout: High-volume push through $3.00 resistance
• Stable Support: $2.98–$2.99 zone remains intact
• Next Hurdle: A close above $3.09 would validate continuation
• Targets: $3.40–$3.60 initially, with $4.80–$5.00 possible on ETF strength

Trader Focus

• Can XRP turn $3.00 into lasting support?
• Will the ETF launch attract sustained flows?
• Is a consolidation phase ahead, or will momentum carry through $3.09?
• Key dip-buying range lies near $2.95–$2.98

Bottom Line:
XRP’s surge above $3.00 — backed by 170M+ in volume — confirms renewed institutional interest ahead of the ETF launch. With bullish structure and key resistance in view, all eyes now turn to $3.40 as the next major milestone.