XRP Poised for New All-Time High, Analyst Predicts Amid NYSE Arca’s UXRP ETF Approval
A prominent crypto analyst forecasts that XRP could reach new all-time highs if it surpasses critical resistance levels, bolstered by the recent approval of ProShares’ leveraged Ultra XRP ETF (UXRP) on NYSE Arca.
Analyst Foresees XRP Breaking All-Time Highs
Crypto analyst Ali Martinez has reinforced his bullish outlook for XRP, pointing to robust technical indicators. He notes that XRP is approaching a pivotal $3 resistance level, signaling potential for significant gains. Martinez suggests that a strong weekly close above $3 could propel XRP toward $3.4 and its 2018 peak of approximately $3.8. If bullish momentum persists, he envisions a surge to $4.8.
Martinez’s optimism is driven by increasing regulatory clarity, Ripple’s progress toward securing a banking license, and CEO Brad Garlinghouse’s growing influence in U.S. crypto policy discussions. He argues that XRP’s technical structure remains solid, with new financial products like the UXRP ETF expected to enhance liquidity and attract greater investor interest.
ProShares’ UXRP ETF Approval Fuels XRP Momentum
ProShares has secured approval to list its Ultra XRP ETF (UXRP) on NYSE Arca, with trading set to begin by the end of the week. This leveraged ETF aims to deliver twice the daily performance of an XRP index, using futures contracts and daily rebalancing to amplify short-term price movements. The fund’s design, which avoids direct XRP ownership, is tailored for active traders rather than long-term investors due to potential performance divergence in volatile markets, as outlined in its prospectus.
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The ETF’s inclusion on the Depository Trust & Clearing Corporation (DTCC) platform marks a critical step toward live trading. Analysts anticipate that the UXRP ETF will drive increased institutional engagement in XRP derivatives, boosting trading volumes and market liquidity. The launch aligns with a broader trend of institutional interest in XRP, with Canary Capital’s CEO suggesting that the XRP ETF could outperform comparable Ethereum and Solana products.
As the UXRP ETF prepares for its debut on July 18, 2025, market observers are closely monitoring whether XRP can sustain its momentum above $3 and challenge its previous all-time highs.
