XRP Breaks $3.00 as ETF Hype Fuels Institutional Rally

XRP surged 4.85% from $2.91 to $3.05 between July 16 and 17, reaching a peak of $3.09 amid a $0.19 range and 6.18% intraday volatility. The breakout above the critical $3.00 resistance came on massive volume, with over 170 million tokens traded during the afternoon session (17:00–20:00), signaling renewed institutional activity ahead of the July 18 launch of the ProShares XRP Futures ETF.

The $2.98–$3.00 zone acted as strong support, holding firm even through pullbacks and confirming bullish intent. In the final hour of trading, XRP rallied from $2.99 to $3.05 (+1.97%) as volume spikes above 3.8 million reinforced the breakout structure. Technical analysts note that while the RSI is entering overbought territory, the breakout is backed by real volume and clean chart structure—suggesting the move is more than speculative hype.

Market participants are now watching for a sustained hold above $3.00, with $3.09 marked as a short-term resistance level. A breakout above this threshold with strong volume could propel XRP toward the $3.40–$3.60 range, with ETF-driven momentum potentially pushing it to $4.80–$5.00. Traders are also eyeing the $2.95–$2.98 area as a possible re-entry zone in case of consolidation.

XRP’s sharp move out of its recent consolidation zone, paired with institutional inflows and anticipation around the ETF, marks a pivotal shift in sentiment. If follow-through volume persists post-ETF launch, XRP could enter a new phase of price discovery, drawing in both speculative and strategic capital.