XRP Price Prediction: ETF Adds $32M as Bulls Target Breakout Above $2.21
Canada’s 3iQ has sparked hope for XRP with the launch of North America’s first spot XRP ETF—XRPQ—on the Toronto Stock Exchange.
Quick overview
- 3iQ has launched North America's first spot XRP ETF, XRPQ, on the Toronto Stock Exchange, attracting C$32 million in assets within three days.
- The ETF's success indicates strong institutional and retail demand for regulated digital asset exposure, potentially influencing future U.S. ETF approvals.
- A pending legal ruling in the Ripple vs. SEC case could significantly impact XRP's status and market liquidity in the U.S.
- XRP's price is currently experiencing volatility, with key resistance and support levels to watch as it navigates market pressures.
Canada’s 3iQ has sparked hope for XRP with the launch of North America’s first spot XRP ETF—XRPQ—on the Toronto Stock Exchange. In just three trading days, the fund has attracted C$32 million in assets, clearly showing demand from institutions and retail investors alike.
This early momentum not only strengthens XRP’s fundamentals but also boosts sentiment around future U.S. approvals. According to 3iQ CEO Pascal St-Jean, the XRP ETF’s performance mirrors that of their Solana ETF, showing strong appetite for regulated digital asset exposure.
ETF Highlights:
- XRPQ launched on TSX with C$32M AUM in 3 days
- Largest XRP ETF in Canada
- Institutional demand
If this is mirrored in the U.S., this could be big, so bullish XRP price prediction in the months to come.
Legal Ruling May Unleash U.S. ETF Demand
A big catalyst for any long term XRP price prediction is the ongoing legal battle between Ripple and the SEC. A revised joint settlement motion was filed on June 12 and is being reviewed by Judge Analisa Torres. It proposes:
- Lifting XRP’s institutional sale injunction
- Reducing Ripple’s penalty to $50M
- Mutual withdrawal of appeals
If approved XRP will be a non-security in U.S. secondary markets and ETFs can list. But legal setbacks could cause volatility. In May a similar proposal was denied due to procedural issues.
Legal Sentiment:
- Polymarket ETF odds dropped to 74% from 98.2%
- Waiting on Judge Torres’ ruling in the coming weeks
- U.S. ETF approval could change XRP’s global liquidity profile
Until then XRP is sensitive to every court update.
XRP Price Prediction: Breakout or Bull Trap?
XRP/USD went up 9% to $2.21 before dropping to $2.18 as of writing. Despite strong volume ($5.1B in 24 hours) it was rejected at the descending trendline near the 200-EMA ($2.156).
Two long upper wicks show bearish pressure but price is still above the 50-EMA ($2.094) which is bullish.
Levels to Watch:
- Resistance: $2.21 (trendline), $2.2565, $2.3013* Support: $2.15, $2.09, $2.03
- Trade:
- Bullish entry above $2.21
- Targets $2.25-$2.30
- Conservative stop-loss $2.1320
For now it’s a breakout above $2.21. A bullish engulfing candle with volume would be the green light, failure to hold $2.15 would be a short term pullback.
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