XRP (XRP) has regained momentum today, breaking back above the $3 mark after a major Japanese asset management firm confirmed plans to launch an exchange-traded fund (ETF) for the token.
The news strengthens a bullish XRP price prediction, with expectations of rising trading volume from both retail and institutional investors in Japan.
SBI Holdings, a financial titan that manages over $70 billion in assets in the Asian country, shared its plans in a presentation published days ago.
Their goal is to launch two ETFs in Japan that offer exposure to specific crypto assets. The first is a Gold and Crypto Assets ETF that will invest 49% of its assets in Bitcoin (BTC) and the other will be a Bitcoin and XRP ETF that will offer exposure to these two tokens via a trust.
XRP Price Prediction: XRP Hits Key Resistance Once Again and Could Rally to $3.3
Trading volumes for XRP in the past 24 hours do not show any exaggerated reaction to the news.
However, this kind of development favors a bullish XRP price prediction as it will drive higher volumes toward the Ripple network and will open up the floodgates for further institutional interest.
XRP has bounced decisively off the $2.75 level on the 4-hour chart and is now testing key resistance around $3.05.
The price initially pulled back after hitting this zone, but a quick recovery has brought it back for a second test – a setup that raises the likelihood of a bullish breakout, especially with trading volumes climbing above average.
A clean move above $3.10 could spark a sharper rally through the rest of the day, potentially pushing XRP toward $3.30 within 24 hours.
While $100 remains out of reach for now, a surge toward $10 or beyond isn’t off the table, given the strong wave of bullish sentiment sweeping across the crypto market.
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Click Here to Participate in the PresaleThe post XRP Price Prediction: Japan’s First Bitcoin-XRP ETF Set to Launch – Is This the Trigger for $100 XRP? appeared first on Cryptonews.
