Hold onto your digital wallets, folks! Amid the crypto market’s wild ride on July 16, XRP is flexing its muscles with a 3% uptick, inching ever closer to that elusive $3.0 resistance. Why? Because the ProShares XRP futures ETF is about to make its big debut on July 18, and analysts are pretty much losing their minds over it. XRP is literally at a “make or break” moment—exciting stuff, right?
What’s Fueling the XRP Price Surge? 🚀
Let’s break it down. In the past week, XRP’s price has skyrocketed by a jaw-dropping 30%, and it’s now knocking on the door of the big $3.0 mark. And guess what’s behind this turbo-charged rally? A huge spike in network activity—hello, 124% rise in daily active addresses since July 1! That’s right, XRP’s been so hot lately that it’s almost like the blockchain equivalent of a rockstar.
We’re talking about an address boom from 3,600 to 8,100. If you’re not into numbers, that’s a whole lot of crypto action, people. This influx of new players is making XRP look like it’s got its mojo back, pushing it ahead of the pack. But don’t go popping the champagne yet, because the technical indicators are flashing a red flag. The Relative Strength Index (RSI) is up above 70.0, which means XRP’s getting a bit too *excited*—basically, it’s in overbought territory. But hey, who doesn’t love a good rally before it takes a breather, am I right?

New XRP Addresses Rising | Source: Glassnode
Let’s take a stroll down memory lane: back in November 2024, XRP surged 387% before it cooled off. While we’re not saying we’re in for a repeat performance (let’s not get carried away), the current market vibes suggest there’s still some juice left in the tank before XRP needs to take a nap.

XRP Relative Strength Index | Source: TradingView
And then there’s the shiny new partnership with the California Government. If you’re not excited about that, check your pulse. The state’s teaming up with Ripple to revamp public services, make government agencies more transparent, and basically turn California into a blockchain paradise. Could this be the start of a beautiful friendship? You bet it could.
All Eyes on the ProShares XRP ETF Launch đź‘€
But here’s the real showstopper: Earlier this week, the SEC gave a big ol’ thumbs up for the ProShares Ultra XRP ETF. That’s right, the ETF that’s set to list on NYSE Arca on July 18 is officially happening. The fund, which will trade under the ticker UXRP, is designed to give investors 2x the daily performance of an XRP index. So, if you’re feeling lucky and want to play the XRP game without holding any coins, this might be your golden ticket. Pro tip: it’s all about the futures contracts and swap agreements, baby!
The ETF has been cleared for takeoff, and it’s also been added to the Depository Trust & Clearing Corporation (DTCC) eligibility list—so it’s officially a thing. Trading will begin on July 18, and the market’s already buzzing. Grab your popcorn, folks. This is going to be one for the books.
Read More
- Silver Rate Forecast
- Gods & Demons codes (January 2025)
- Grimguard Tactics tier list – Ranking the main classes
- Gold Rate Forecast
- Former SNL Star Reveals Surprising Comeback After 24 Years
- USD CNY PREDICTION
- Honor of Kings returns for the 2025 Esports World Cup with a whopping $3 million prize pool
- PUBG Mobile heads back to Riyadh for EWC 2025
- Maiden Academy tier list
- Superman: DCU Movie Has Already Broken 3 Box Office Records
2025-07-16 20:39