Markets went soaring to start off the new week, with Bitcoin (BTC) claiming a brand new all-time high at $122,838 just five hours ago. Meanwhile, Ether’s (ETH) price reclaimed $3,000 for the first time since early February, 2025.
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Now, crypto connoisseurs are watching Ripple’s (XRP) price dancing around $3, and this price level is significant more than ever. The psychological $3 standpoint would likely materialize in further XRP price appreciation to $6, crypto analyst Ali Martinez notes.
What Summoned This 31% Uptick For XRP’s Price?
Certainly, Ripple coin’s (XRP) price rose by 31% in 7 days amidst the speculations surrounding a BlackRock exchange-traded fund (ETF) submission, based on XRP crypto. While this remains a gossip due to unverified sources, ProShares, another digital asset hedge fund, submitted a legal filing pitching their own Ripple ETF products.
Not only this constitutes rising competition among crypto asset managers for the first XRP ETF to see the light of day, but also signifies rising demand for Ripple (XRP) in traditional markets. Previously, ProShares has applied for a Futures-based XRP ETF, which is set to go live on July 18, 2025 in the United States (USA). Will a Spot ETF on Ripple coin’s price follow?
XRP Price Takes a Swing At $12 On ProShares Offer
As the $3 price level is restored, Ripple’s (XRP) price is just 13% away from a new all-time record. Ripple coin was close to hitting this level back in January, 2025, but the bull run halted at 9 cents below the $3.40 all-time high (ATH).
Now, crypto connoisseurs believe $6 is very likely if the $3 zone is flipped into a long-term support. That would also make double-digit targets realistic. EW Cycles, a popular crypto trader who’s basing their predictions solely on the Elliott Wave theory, is expecting the 5th wave to take Ripple coin’s (XRP) price all the way to $12.
To make this plausible, the 7-year price trend has to be broken out of. This falls into the $3.50 range, slightly above the current all-time high. Moreover, the Bull Bear Power (BBP) has been favoring the bulls since July 8, 2025. Paired with the positive Chaikin Money Flow (CMF), this continuous setup could retest the all-time high sooner than an actual Spot-based XRP ETF arrives.
On The Flipside
- Proshares’ entry into the traditional Futures markets with XRP coin as the underlying asset isn’t the first of its kind.
- Teucrium & Tuttle Capital have also launched XRP Futures ETF offerings in the States this year, as well as Coinbase.
Why This Matters
With 11 exchange-traded fund (ETF) submissions tied to Spot markets, Ripple coin has huge chances of getting the first altcoin Spot ETF after Ethereum (ETH).
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People Also Ask:
A futures-based ETF by ProShares Trust, approved for launch on June 18, 2025, tracking XRP price movements with leveraged options (2x, -2x).
Likely, given ProShares’ recent XRP Futures-powered ETF approvals, but the full Form N-1A isn’t visible—check SEC filings for confirmation.
Initially set for June 18, 2025; the July 13 filing suggests a possible mid-to-late August 2025 decision on the Spot ETF, pending SEC review.
With $335M in inflows and a $12 target speculated, the ETF could drive significant price growth if approved and market conditions align.
Regulatory delays (e.g., SEC v. Ripple lawsuit) and crypto market volatility could postpone or affect the ETF’s success and XRP’s value.
