- XRP is eyeing a breakout to $3 as Teucrium’s new Ripple ETF amasses over $40 million in under three weeks.
- Strong institutional interest and whale accumulation are fueling bullish momentum despite recent price fluctuations.
XRP is setting its sights on the $3 mark as bullish momentum builds around the first-ever Ripple ETF to debut in the United States. The Teucrium 2x Long Daily XRP ETF (XXRP), which launched on April 8, has already amassed more than $40 million in net assets—an impressive feat achieved in less than three weeks.
This surge in institutional interest has fueled optimism across the XRP community, despite the token slipping from its recent multi-week high of $2.30 to $2.18 at press time. Still, analysts believe this pullback is only a temporary detour on the road to a major breakout.
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The strong performance of the XXRP ETF has caught the attention of investors and analysts alike. Teucrium CEO Sal Gilbertie highlighted XRP’s versatility in an interview with Bloomberg, calling it the “most useful” crypto asset in the market. He cited Ripple’s growing footprint in payments, tokenization, and its recent acquisition of prime brokerage firm Hidden Road as key indicators of long-term value.
Adding to the bullish sentiment is a wave of whale activity. According to blockchain analytics platform Santiment, addresses holding between 1 million and 100 million XRP have accumulated over 260 million tokens as prices climbed—signaling big-money confidence in the asset’s future trajectory.
On the technical front, XRP is attempting to break out of a descending parallel channel on the daily chart. A decisive close above resistance at $2.20 could pave the way to $2.75, and potentially push beyond the psychological $3 level. Momentum indicators such as RSI and MACD are showing early signs of strength, although a sustained rally will require further confirmation.
Should XRP manage to flip key resistance levels, the next target sits at $3.29—just below its all-time high. While profit-taking could momentarily cool the rally, growing institutional backing and whale accumulation suggest the long-term outlook remains bullish.
As XRP continues to ride the ETF wave, all eyes are now on the charts—and the $3 milestone that’s inching closer by the day.