TLDR
- REX Shares launches first XRP ETF in US this week using Investment Company Act of 1940 framework
- XRP maintains bullish structure with support at $2.64 and resistance target at $3.55
- Technical patterns show consecutive higher lows despite broader market weakness
- Breaking $3.55 resistance could open path to new all-time highs
- ETF will hold XRP directly plus invest 40% in other XRP-related funds
The cryptocurrency market is witnessing a historic moment as the first XRP exchange-traded fund prepares to launch in the United States. REX Shares and Osprey Funds announced their REX-Osprey XRP ETF will debut this week with the ticker symbol XRPR.
This groundbreaking fund operates under the Investment Company Act of 1940, utilizing a unique legal framework that sets it apart from other cryptocurrency ETF proposals. The structure mirrors the successful REX Osprey SOL Staking ETF that launched earlier this year.
The XRPR ETF will maintain direct XRP holdings while allocating at least 40% of assets to shares of other XRP-related exchange-traded funds. This diversified approach provides investors with regulated exposure to the XRP ecosystem through traditional brokerage accounts.
Bloomberg Intelligence Analyst James Seyffart noted that the fund employs creative workarounds compared to standard cryptocurrency ETF proposals. The Investment Company Act framework provides investor protections against conflicts of interest and fraud.
Technical Analysis Shows Bullish Momentum
XRP price action demonstrates remarkable resilience during recent market volatility. The token maintains strong support at the $2.64 level, where multiple technical indicators create a confluence zone.
This support area combines the value area high with key moving averages, establishing a robust foundation for potential upward movement. Unlike many altcoins experiencing deeper corrections, XRP has only undergone a shallow pullback.
The price structure continues printing consecutive higher lows, indicating sustained buyer demand at progressively higher levels. This pattern suggests the underlying bullish trend remains intact despite short-term consolidation.
Volume analysis reveals consistent inflows supporting the current price levels. Market participants are positioned for a potential breakout above the immediate resistance zone.
Technical indicators align to support continued upward momentum. The combination of strong support, bullish structure, and upcoming ETF launch creates favorable conditions for price appreciation.
XRP Price Prediction
The immediate price target for XRP sits at the $3.55 resistance level on higher timeframes. A decisive break above this zone would confirm bullish continuation and open the path toward uncharted territory.
Successfully clearing $3.55 resistance could trigger momentum acceleration toward new all-time highs. This scenario would represent a structural shift in XRP’s long-term market behavior and confirm the bull cycle continuation.
The convergence of fundamental catalysts and technical setup creates a compelling case for upward price movement. The ETF launch provides institutional access while technical patterns support higher prices.
Risk management remains essential as cryptocurrency markets can experience rapid reversals. However, the combination of strong support levels and positive catalysts favors bullish outcomes.
Current market positioning suggests XRP could outperform during the next leg of cryptocurrency market expansion. The token’s relative strength during recent weakness demonstrates underlying institutional interest.
