The launch of the first U.S.-based XRP futures ETF has renewed bullish sentiment around the token, prompting speculation about whether it can break through the $3 barrier. Volatility Shares’ XRPI, which began trading on May 22 on Nasdaq, is the first of its kind and has opened the door for institutional investors to gain exposure to XRP without directly holding the asset.

ETF Launch Signals Institutional Confidence

XRPI is an unleveraged (1x) fund that allocates at least 80% of its net assets to XRP-linked futures and derivatives via a Cayman Islands subsidiary. A leveraged 2x version (XRPT) is also in development. Bloomberg ETF analyst Eric Balchunas noted strong precedent from Teucrium’s 2x XRP ETF (XXRP), which quickly amassed $120 million in assets with $35 million in daily volume—a clear sign of market appetite.

Meanwhile, CME Group has introduced cash-settled XRP futures, including both standard and micro contracts. Although early volume was modest—totaling approximately $1.5 million—the launch marks a step forward in XRP’s financial infrastructure.

Technical Setup Supports $3 Scenario, But Resistance Remains

XRP is currently hovering near $2,40, with recent trading locked between $2,33 and $2,43. The weekly chart has flashed a golden cross, where the 50-week moving average overtakes the 200-week—a bullish signal often associated with long-term uptrends.

However, immediate resistance looms at the $2.56-$2.60 range. A clean break above this zone could unlock a move toward $3.00 or even $3.40. For now, volume and market reaction to XRPI’s launch will be key in confirming momentum.

Outlook: Cautious Optimism as Market Watches

While the ETF debut enhances XRP’s legitimacy and investor access, it does not guarantee a rally without follow-through. Traders are watching closely: if volume rises and price clears overhead resistance, XRP may very well challenge the $3 milestone in the coming weeks. But failure to build momentum could keep the token trapped below its current range.

In short, the path to $3 is open—but XRP will need sustained demand and bullish catalysts to follow through.

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