CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-07-01 14:15:38

XRP price nears breakout as top Ripple ETF hits $158m milestone

XRP price is nearing a significant move in July as its triangle pattern nears confluence and a recently launched leveraged exchange-traded fund gains momentum. Ripple ( XRP ) was trading at $2.20 on July 1, where it has been stuck in the past few weeks. This price is about 15% above the lowest level in July and 35% higher than the year-to-date low. A potential catalyst for the XRP price is that the Teucrium 2x Long Daily XRP ETF has continued to gain momentum. Data shows that the XXRP ETF has had inflows in all weeks since its launch in April. It had the biggest weekly inflow last week, when it added $33 million in assets. XXRP ETF weekly inflows | Source: ETF XXRP ETF now has over $158 million in assets, a notable amount because it is one of the most expensive funds in Wall Street. It has an expense ratio of 1.89%, much higher than other leveraged funds. For example, the popular Daily Semiconductor Bull 3X Shares ETF has a ratio of 0.75%. You might also like: Top 4 catalysts that could ignite the next crypto bull run The rising XXRP ETF inflows are a sign that future spot XRP funds will have demand on Wall Street. The odds that the SEC will approve a spot XRP ETF have increased to 86%. XRP price has also wavered despite major milestones in the network. For example, the SEC vs Ripple Labs case has ended, which will free the company to reach deals with other US firms. Further, Ripple will be a major beneficiary of the GENIUS Act, which will regulate stablecoins. The RLUSD stablecoin’s market cap has jumped to $455 million, a figure that will likely continue soaring this year. XRP price technical analysis XRP price chart | Source: crypto.news The daily chart shows that the XRP price has remained in a tight range in the past few months. It has held steady above the crucial support level at $2, which coincides with the lower side of the symmetrical triangle pattern. This triangle pattern formed after the token surged in November last year, making it a bullish pennant. A pennant is a popular bullish continuation pattern. The other bullish aspect is that the Average True Range has dropped, and the spread between the two lines of the Bollinger Bands has narrowed. This is a sign that its volatility has dried up. Therefore, the token will likely have a strong bullish breakout, with the next point to watch being at $3.8, up by 60% from the current level. You might also like: Top 3 altcoins to buy in July if Bitcoin price breaks out

면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.