Key Highlights:

• XRP price burgeoned by 1.9% after the SEC approved ProShares’ XRP futures ETFs.
• Analysts see potential for $5-$20 XRP, but say a spot ETF is key.
• Bullish chart setup with $2.32 and $3.39 goals if the $2.05 support holds.

Ripple (XRP) price jumped 1.9% in the last 24 hours to trade at $2.27 on a 65% surge in trading volume to $4.8 billion. Today’s gains are a 7.5% increment over the past week.

The price spike came after news broke that the U.S. Securities and Exchange Commission (SEC) greenlit ProShares Trust to launch three XRP futures exchange-traded funds (ETFs).

The financial instruments are set to hit the market on April 30, 2025. Will XRP cement a bullish momentum with this news?

Ripple Spikes 2% As SEC Approves An XRP Futures ETF

The SEC’s approval of ProShares’ XRP futures ETFs is the talk of the town. Crypto analyst John Squire shared in an April 27, 2025, X post that these ETFs won’t directly hold XRP tokens. Instead, they will track Ripple price movements through futures contracts.

This move is a big deal for institutional exposure. It gives Wall Street a regulated way to bet on the price of XRP without touching the real stuff. John Squire outlined key benefits in his post.

These include increased legitimacy in traditional finance, a stronger positive narrative for XRP adoption, and heightened institutional interest. But here’s the thing: there is no direct buying pressure on XRP’s supply, meaning no immediate price explosion.

Plus, futures ETFs can bring volatility and hidden costs like rollovers and slippage. The market reacted swiftly, with over $30 Million in Ripple trades reported within 30 minutes of the launch buzz. This surge reflects strong interest from whales, indicating significant investor activity.

Meanwhile, XRP price got a little pump, making it the top gainer among the top 10 tokens on April 28. But not everyone’s popping champagne.

Critics acknowledge the futures ETF as progress but emphasize its limitations. Many in the community believe a spot XRP ETF would be the breakthrough.

However, it remains highly anticipated. Brazil reportedly already has a spot XRP ETF by Hashdex, leaving the U.S. lagging. Analysts remain bullish, predicting the Ripple could hit $5 short-term and even $20 long-term if a spot ETF gets approved.

XRP Price Analysis: Clear Skies Ahead to $6

The XRP/USDT 3-day chart reveals a sharp 50% correction, pulling back from recent highs. Despite this setback, bullish momentum remains strong, signaling potential recovery ahead.

The chart also shows a breakout above a bull pennant, signaling that bullish momentum is building up. The RSI has hovered around 60, indicating neutral-to-bullish conditions buoyed by a nice, steady grind to the upside.

A Fibonacci retracement level at $2.32 is the next immediate resistance. If XRP breaks this level, it could trigger a push toward the $3.00 psychological barrier. Intense FOMO might drive momentum even further, potentially revisiting the previous high of $3.39.

If Ripple falls below $2.05, bears could gain control over the market. A further decline might see targets around $1.97 or even $1.62, signaling increased bearish pressure.

Ripple Price Prediction: What’s Next?

The April 30th XRP futures ETF launch could bring more volatility in the short term. Albeit it won’t directly pump XRP price, the increased exposure might draw more institutional players. This set the stage for a spot XRP ETF down the road.

If Ripple remains above $2.05 and breaks above $2.32, the price could rally to $3.39 in the coming weeks. In the long term, the community is banking on a spot XRP ETF.

A total of 18 spot XRP ETF filings are currently under SEC review, adding to market anticipation. Approval deadlines from major firms like Grayscale and Bitwise in October 2025 heighten the stakes for investors.

A spot ETF would mean real buying pressure, potentially sending the price of XRP to double digits. XRP is at a pivotal moment.

The ProShares futures ETF launch is a flex for its legitimacy, but the real fireworks will come with a spot ETF. The chart shows bulls are still in the driver’s seat, with $2.32 and $3.39 as the following significant levels to watch.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.