As the broad crypto market continues to show bullish signals, XRP is one of the major cryptocurrencies investors are most optimistic about. Recent metrics suggest that the coin might be on the verge of a major breakout to the much anticipated $3.
XRP eyes major breakout
Amid the ongoing crypto market rally, the Ripple ecosystem has seen major developments which has fuelled more speculations among market participants. This has posed the price of Ripple’s native token, XRP for a massive upsurge this season.
While Ripple has garnered more investors’ interests since its regulatory clarity with SEC, the recent launch of XRP futures on CME and the first 1x U.S.-based XRP futures ETF by Volatility Shares has positioned the token for more adoption.
Recent reports reveal that the 1x U.S.-based XRP futures ETF had commenced trading on the Nasdaq exchange on May 22, 2025. The move seeks to offer investors the opportunity to seamlessly execute XRP futures contracts, while gaining regulated exposure to the third leading cryptocurrency by market capitalization, XRP.
Although the price of XRP is yet to respond to the launch of these major developments, investors are highly confident that the moves are preparing XRP for a massive breakout soon.
As of May 22, XRP has traded on the green zone, with its price surging decently by 1.67% over the last 24 hours. This has seen the price trade at $2.43 as of press time.
Notably, XRP’s trading volume has remained in the red with less major activities from bullish and bearish investors. This has seen the token consolidate around $2.1.
While XRP has traded resiliently around $2.43 in the past few hours, it appears that the token has slowed down on its upsurge while gathering momentum to fuel its breakout beyond the $3 mark.
Spot XRP ETF possible soon?
The recent developments experience within the XRP ecosystem has raised hopes among its community members about the possibilities of the long proposed spot XRP ETF getting approval from the U.S. SEC in no time.
While this was the case for Bitcoin and Ethereum, investors have expressed confidence that the launch of XRP futures ETF will pave the way for the approval of a spot XRP ETF.
This has also fueled optimism about XRP’s price breaking out beyond $3.
