The US Securities and Exchange Commission (SEC) has approved three XRP futures ETFs from ProShares, causing XRP’s price to jump 10%. Set to launch on April 30, the new products include an Ultra XRP ETF offering 2x leverage, a Short XRP ETF, and an Ultra Short XRP ETF with -2x leverage.
ProShares’ spot XRP ETF application is still under SEC review, with a pivotal decision anticipated by May 22. This approval represents a major step forward for XRP’s presence in traditional finance.
Earlier this month, Teucrium launched the first XRP futures ETF in the US, attracting over $5 million in day-one trading volume, making it the company’s most successful debut.
While ProShares’ ETFs offer XRP exposure through derivatives, Nate Geraci, President of ETF Store, noted that they may have limited direct impact on XRP’s price. He also questioned why futures products are advancing ahead of spot ETFs.
As multiple spot XRP ETF proposals await decisions, attention now turns to Grayscale’s pending application, with May 22 marking the next key deadline. The surge in filings follows the conclusion of Ripple’s prolonged legal battle with the SEC earlier this year.
Meanwhile, a company recently revealed that it is now holding XRP on its financial books, marking the beginning of a significant new trend in the cryptocurrency market. While the company itself is not a major household name, the announcement is seen as an important signal for the future of XRP adoption.
Similar to how Bitcoin has been increasingly added to corporate balance sheets, XRP is beginning to gain the same level of institutional interest. This development suggests that more companies could soon follow suit, quietly acquiring and holding XRP as a long-term asset without major public announcements.
As corporate adoption increases, it could gradually reduce the circulating supply of XRP and potentially drive up its value over time. The focus here is on long-term growth rather than immediate price movement, encouraging investors to view XRP as a valuable asset for the future.
Source – Austin Hilton on YouTube
XRP Price Prediction
XRP has shown relative stability in recent weeks, even during periods of high market volatility. While Bitcoin experienced sharper reactions to market shifts, XRP’s movements were noticeably milder.
At the moment, $XRP appears to be trading within a well-established range, despite some interpreting recent price action as a potential downtrend or a bullish flag formation.
The overall structure suggests that the token remains range-bound on higher timeframes, with possibilities for short-term fluctuations between key levels such as $2.05 and $2.14.
Intraday support around $2.20 is currently holding well, and a rally toward higher resistance levels like $2.35 and $2.40 seems more probable if the broader market remains steady.
Ripple’s decision not to pursue a public listing in 2025 was also noted, a move that reflects a strategic choice to maintain operational flexibility in the evolving regulatory environment.
While $XRP’s trading volume remains low and its correlation to Bitcoin remains high, technical indicators suggest a continuation of the current range-bound pattern heading into the next week.
Austin Hilton Backs Diversification Strategy; BTC Bull Emerges as a Promising Bitcoin-Linked Presale
Crypto analyst and trader Austin Hilton also emphasized the importance of diversification, suggesting that investors spread their investments across Bitcoin, XRP, major altcoins, and presale projects such as BTC Bull (BTCBULL).
BTC Bull presale is positioned as an exciting new crypto project focused on capitalizing on Bitcoin’s historical performance and future potential. having already raised nearly $5 million in its presale.
The project strategically ties its success directly to Bitcoin’s future performance. Highlighted as the best-performing asset in history, Bitcoin’s bullish momentum is central to BTC Bull’s mission.
The BTC Bull is designed around a series of milestones, offering token burns and Bitcoin airdrops as Bitcoin reaches significant price levels such as $100,000, $125,000, $150,000, $175,000, $200,000, $225,000, and $250,000.
BTC Bull encourages users to hold its native token in Best Wallet, a multi-chain crypto wallet integrated with their ecosystem, allowing participants to automatically receive Bitcoin rewards. The roadmap outlines how these milestones will trigger major community rewards, boosting engagement and incentivizing long-term holding.
With a total supply of 21 billion tokens, allocations are set across marketing, liquidity, community rewards, staking, and token burns, ensuring a balanced approach to sustainability and growth.
With the presale price currently around $0.002485 and a growing community of supporters contributing millions, BTC Bull represents a promising opportunity for those who believe in Bitcoin’s inevitable rise.
The project also simplifies the buying process by allowing purchases with crypto or card payments, making it accessible to a wide range of investors.
Additionally, investors can immediately stake their $BTCBULL tokens and earn an impressive 81% annualized staking reward, offering a strong passive income opportunity. Bitcoin Bull emphasizes a mega-bullish community vision, strong incentives for token holders, and partnerships with platforms like Best Wallet.
This reflects its ambition to align with Bitcoin’s next major rally and offer participants a chance to benefit directly from the broader market’s explosive momentum. To take part in the $BTCBULL token presale, visit btcbulltoken.com.
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