XRP News: XRP Price Eyes $5 Surge as ProShares Launches Triple Futures ETF on April 30

ProShares is looking to disrupt the future of cryptocurrency investment by introducing XRP futures ETFs on April 30. This would mean significant strides for institutional investors and the market in general. The introduction of these products based on futures, without any direct token holdings, makes XRP tomorrow’s favorite to get a spot ETF. As the returns of XRP price pick up, coupled with rising trading volumes, healthy liquidity, and a growing number of institutional investors, approval for a spot XRP ETF is close to the horizon. That would free up further inflows and broaden the investment opportunities in altcoins.

ProShares Eyes April 30 for XRP Futures ETF as Spot ETF Buzz Grows

ProShares has now set April 30, 2025, as its earliest expected launch date for XRP futures ETFs, marking a significant step forward for institutional players and the entire cryptocurrency industry. This newly launched set comprises ProShares UltraShort XRP ETF, ProShares Ultra XRP ETF, and ProShares Short XRP ETF, collectively intended to benefit from market movements as captured using futures contracts and swap agreements instead of holding any tokens directly. This comes after the debut of Teucrium’s 2x Long Daily XRP ETF, which witnessed record first-day trading activity and further signified the increasing appetite for XRP-based investment products.

The main underlying trend favoring XRP is liquidity as well as a growth in spot trading volumes for the altcoin, qualifying it as a frontrunner among altcoins vying for an imminent ETF approval in the U.S. This according to analytics firm Kaiko, which further stated that these, along with the introduction of leveraged funds, suggest that the market is developing into one that could soon usher in regulatory approval for a spot XRP ETF. In these developments, investment in XRP continues to be a hot topic. 

XRP Price Analysis of the Last 24 Hours

The trading session of XRP indicates a bearish direction after XRP failed to overcome its $2.18 resistance barrier. After the XRP received strong resistance at the previous zone, the token fell beneath the $2.06 support until it stabilized near $2.03 to create a new support zone. The decline follows market volatility patterns since traders expect the Futures ETF to debut on April 30. The anticipation over the new ETF remains tempered by the unconfirmed launch plans for a Spot ETF.

Chart 1, analysed by Anushri Varshney, published on TradingView, April 16, 2025

The momentum indicators display ambiguous signals. Multiple golden and death crosses present in the MACD indicator demonstrate quick market gains. At this time, the latest golden cross demonstrates low-level bull behavior while needing high volume to demonstrate its potency. RSI experienced an oversold phase and then rebounded to its current position of 59 which suggests some stabilization, but weak buying signs are absent. The price structure of XRP shows declining peaks and valleys as it keeps a negative market outlook. If the price drops below the $2.06 support, it might hit the level at $2.02. The prices primarily depend on the ETF narrative as its primary short-term driving factor.

The Future of XRP Price 

ProShares’s planned launch of XRP futures ETFs, mounting institutional interest, and increased trading volumes indicate a strong build-up of confidence around XRP’s long-term potential. Some believe the price for XRP in 2025 could be between US$3.5 and US$5.00, while others like this forecast but add a condition: If regulatory clarity and ETF approval occur sooner rather than later, the price could break the $10 barrier. A boost in the price is expected from the ever-increasing adoption of XRP for cross-border payments and the eventual approval of a spot ETF. Technical and fundamental indicators point toward a steady bullish outlook for XRP, thus emerging as a potential asset for investors targeting sizable gains soon.