XRP may be gearing up for a major rally, according to seasoned crypto analyst Ali Martinez. With strong technical indicators in play, Martinez asserts that the digital asset is “screaming all-time highs,” especially as it hovers near the critical $3 resistance level. He suggests that a convincing weekly close above this threshold could spark momentum toward $3.4 and then challenge its 2018 peak near $3.8. Should XRP maintain its bullish setup, Martinez projects a further breakout that could take it as high as $4.8.
Adding to this optimism is growing regulatory clarity in the U.S., Ripple’s anticipated approval for a banking license, and CEO Brad Garlinghouse’s active engagement with crypto policy reform. Martinez believes these developments, alongside expanding institutional interest, contribute to a solid structural foundation for XRP.
One significant catalyst bolstering XRP’s prospects is the newly approved leveraged UXRP ETF from ProShares. Listed on NYSE Arca, the Ultra XRP ETF is designed to offer investors double the daily exposure to XRP’s price movements via futures contracts. It doesn’t hold XRP directly, but instead uses daily rebalancing to reflect short-term performance, making it ideal for active traders seeking amplified gains (or losses).
This ETF approval comes at a strategic moment, aligning with broader trends of institutional involvement in crypto derivatives. The fund is now cleared on the DTCC platform, signaling that trading will likely begin by the end of the week. Analysts see this as a possible turning point for XRP liquidity, as the fund enables hedge funds and professional investors to more easily enter the market.
Moreover, Canary Capital’s CEO has expressed bullish sentiment on the UXRP ETF, stating it could outperform similar products linked to Ethereum and Solana. As excitement builds ahead of Friday’s launch, market participants are closely watching XRP’s ability to hold above $3, a level that could unlock its path toward historic highs.
