XRP (XRP) has jumped 27% in the past 7 days, reclaiming the $3 level for the first time in months as excitement builds around the launch of the first XRP-linked ETF.
Yesterday, a regulatory filing indicated that the ProShares Ultra XRP ETF (UXRP) will hit the trading floor on July 18. This supports a bullish XRP price prediction in the near term.
The timing couldn’t be better — institutional inflows into crypto ETFs surged to $3.7 billion last week alone, adding even more momentum to XRP’s rally.
Analysts from CoinShares highlighted in their most recent report that these vehicles have now received positive net inflows for a 13th consecutive week. On a year-to-date basis, crypto ETFs have attracted an eye-popping total of $22.7 billion in capital inflows.
Although the U.S. Securities and Exchange Commission (SEC) has not yet approved a spot ETF for XRP, Polymarket wagers see an 85% chance that such a vehicle will receive the green light from the agency before the year ends.
The approval of a Solana ETF that supports staking marked a pivotal moment for the industry as well as it means that the SEC is willing to adopt more flexible approaches and let companies incorporate some of the unique characteristics of the crypto market into these funds.
XRP Price Prediction: XRP Could Soon Retest Its All-Time High
XRP’s daily chart shows that the price has broken its latest consolidation and could soon retest the token’s all-time high from January 2018 of $3.84.
Momentum is clearly favoring the bulls, with XRP trading volume surging in recent days. Over $10 billion worth of XRP changed hands in the past 24 hours alone, while volume peaked at $15 billion on July 11 — the highest in over a month.
Based on the size of the current consolidation pattern, XRP could climb another 38% in the near term, potentially pushing the price to around $3.77.
While a $100 target may be a long-term dream, a new all-time high looks increasingly possible.
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The post XRP Price Prediction: Institutional Inflows Hit $3.7B – Could XRP Hit $100 in 2025? appeared first on Cryptonews.
