- ProShares will launch three XRP futures ETFs on April 30 after SEC review, marking growing institutional demand for Ripple’s token.
- XRP price is following a bullish Elliott Wave pattern, with projections suggesting a surge toward $8.00 by 2025 according to Dark Defender.
- Futures-based XRP ETFs reflect cautious but growing SEC openness to crypto assets as more spot XRP ETF applications await decisions.
ProShares will debut three XRP futures-based ETFs on April 30, signaling growing institutional interest in Ripple’s native token. According to a recent SEC filing, the Ultra XRP ETF (2x leverage), Short XRP ETF, and Ultra Short XRP ETF (-2x leverage) will soon launch after receiving tacit SEC approval. Notably, the SEC allowed the review period to expire without raising objections. Hence, these funds will become the second, third, and fourth XRP ETFs available on the U.S. market.
Besides the futures funds, ProShares’ application for a spot XRP ETF remains pending, along with other issuers like Grayscale and Bitwise. Vermont-based Teucrium Investment Advisors recently launched the first XRP ETF earlier this month, offering leveraged exposure without directly holding XRP. Consequently, the approval of futures products highlights a cautious but advancing regulatory approach to crypto-linked securities.
XRP Price Forecast Projects Major Bull Run
Additionally, Dark Defender, a prominent XRP technical analyst, projects a major price surge through 2025 based on Elliott Wave theory. His recent analysis, shared on X, shows XRP following a clear five-wave structure. Wave (1) began in early 2023 with XRP lifting from the $0.33 zone. Wave (2) corrected slightly to $0.38 by mid-2023, maintaining a bullish formation.
Moreover, wave (3) launched XRP prices towards $3.00 and peaked at $3.40 in early 2024. Afterwards, a corrective wave (4) returned prices to the $1.80-$2.00 range, suggesting healthy market consolidation. Currently, XRP trades at $2.18, according to the chart’s latest reading.
Massive Upside Potential into 2025
Hence, the projection for wave (5) signals an explosive move toward $8.00 by 2025, according to Dark Defender’s chart. The analysis also incorporates Fibonacci extension levels, with 161.8% around $1.88 and 261.8% near $5.85. Moreover, colored cloud patterns suggest volatility zones that align with strong price movements. An orange trendline connects wave (3) and wave (5) peaks, indicating a downward trajectory before the next breakout.
