XRP's price surged nearly 5% to an intraday high of $2.36 on April 28, driven by the anticipation of three XRP-based futures exchange-traded funds (ETFs) by ProShares, set to launch on April 30. This potential offering provides institutional investors with easier access to the XRP market. Additionally, the number of XRP addresses holding over 10,000 tokens has increased, reflecting confidence among larger holders despite a recent 30% price correction. Analysts assert this accumulation indicates limited selling pressure and strong support for future price increases. Technical indicators show a falling wedge breakout, with a price target of $3.63, suggesting a potential 55% gain from current levels. However, the approval of a spot XRP ETF remains a critical factor for significant market impact, with future developments closely monitored.

Source 🔗