Will XRP Hit $5 Soon? Cup and Handle Breakout and ETF Filings Spark Buzz
The post Will XRP Hit $5 Soon? Cup and Handle Breakout and ETF Filings Spark Buzz appeared on BitcoinEthereumNews.com. Key Insights: XRP jumps to $3.18 amid growing ETF speculation and technical bullish patterns Wellgistics plans deep XRP integration for business use, per SEC filing Cup and handle breakout, plus institutional flows, support long-term upside XRP surged to $3.18 on July 25 as selling pressure dropped to just $15 million across major exchanges. Net long positions climbed to $704,000 while total short positions stood at $1.35 million, according to data from Coinglass. The reduction in outflows and stable net positioning signals exhaustion among sellers. XRP Cup and Handle Pattern | Source : X Technically, XRP has confirmed a bullish cup and handle breakout, with upside projections extending far beyond $5. The chart shared by analyst Steph Is Crypto highlights the formation stretching back to 2021. Meanwhile, ETF-related momentum continues building. A dozen XRP ETFs, including offerings from Bitwise, Grayscale, and Franklin Templeton, are awaiting SEC decisions. The combined proposed assets under management now exceed $1.5 trillion, signaling institutional demand. Legal Roadmap and On-Chain Utility Shift Narrative for XRP The legal framework for XRP continues progressing toward resolution, starting with the closure of the SEC case. July marks the memo filing phase, while August brings public confirmation, and September will see the Clarity Act signed. By Q4 2025, the asset could receive official classification as a non-security. This roadmap lays the foundation for ETF approval and sovereign fund access. By December 2025, the activation of XRP index and spot ETFs is planned under Phase 6. Analysts expect this move to catalyze a significant institutional liquidity injection. Beyond legal progress, XRP’s real-world use cases are evolving. Nasdaq-listed Wellgistics Health disclosed in an SEC S-1 filing its plans to use XRP across treasury, payments, and lending. The $50 million allocation backed by LDA Capital will support XRP infrastructure development. While this strategy drew…
The post Will XRP Hit $5 Soon? Cup and Handle Breakout and ETF Filings Spark Buzz appeared on BitcoinEthereumNews.com.
Key Insights: XRP jumps to $3.18 amid growing ETF speculation and technical bullish patterns Wellgistics plans deep XRP integration for business use, per SEC filing Cup and handle breakout, plus institutional flows, support long-term upside XRP surged to $3.18 on July 25 as selling pressure dropped to just $15 million across major exchanges. Net long positions climbed to $704,000 while total short positions stood at $1.35 million, according to data from Coinglass. The reduction in outflows and stable net positioning signals exhaustion among sellers. XRP Cup and Handle Pattern | Source : X Technically, XRP has confirmed a bullish cup and handle breakout, with upside projections extending far beyond $5. The chart shared by analyst Steph Is Crypto highlights the formation stretching back to 2021. Meanwhile, ETF-related momentum continues building. A dozen XRP ETFs, including offerings from Bitwise, Grayscale, and Franklin Templeton, are awaiting SEC decisions. The combined proposed assets under management now exceed $1.5 trillion, signaling institutional demand. Legal Roadmap and On-Chain Utility Shift Narrative for XRP The legal framework for XRP continues progressing toward resolution, starting with the closure of the SEC case. July marks the memo filing phase, while August brings public confirmation, and September will see the Clarity Act signed. By Q4 2025, the asset could receive official classification as a non-security. This roadmap lays the foundation for ETF approval and sovereign fund access. By December 2025, the activation of XRP index and spot ETFs is planned under Phase 6. Analysts expect this move to catalyze a significant institutional liquidity injection. Beyond legal progress, XRP’s real-world use cases are evolving. Nasdaq-listed Wellgistics Health disclosed in an SEC S-1 filing its plans to use XRP across treasury, payments, and lending. The $50 million allocation backed by LDA Capital will support XRP infrastructure development. While this strategy drew…
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