Can XRP Cross $3 Soon? As New XRP ETF Approved For NYSE Listing

Big news hit the XRP market this week. Franklin Templeton got the green light to list its XRP ETF on NYSE Arca. That’s huge for anyone holding the token.

The filing dropped, and everyone’s talking about what comes next. We’ve already seen Bitwise and Canary Capital roll out their products. Now Franklin’s jumping in too. Grayscale isn’t far behind either.

So what does this mean for price? Can we finally see XRP push past $3?

Franklin Templeton XRP ETF Gets Green Light

Franklin Templeton’s trust will trade under XRPZ. They’re charging 0.19% annually but waiving that fee completely on the first $5 billion until May 2026. Pretty sweet deal if you ask me.

This isn’t happening in a vacuum. Bitwise launched its fund earlier this month under the ticker XRP. They set their fee at 0.34% and also waived it for the first month on half a billion in assets.

Then there’s Canary Capital. Their XRPC fund pulled in $245 million on day one. That’s better than any Bitcoin ETF launch we’ve seen. Better than the Solana ETF too.

Three major players all launching XRP ETF products within weeks of each other? That tells you something about where institutional money is headed.

Why This Wave Of XRP ETF Approvals Matters

Here’s the thing about ETFs. They make crypto dead simple for traditional investors. You don’t need a Ledger. You don’t need to figure out MetaMask. You just buy shares through your regular brokerage, like it’s Apple stock.

That’s a game-changer for adoption. Bitwise called their launch a “historic moment,” and honestly, they’re not wrong. XRP is the third-largest crypto by market cap. Getting this kind of regulated access opens doors.

Banks and institutions that couldn’t touch crypto before? Now they can. Compliance teams that said no? The ETF structure handles those concerns.

The XRP community has been waiting for this type of legitimacy. After years of regulatory uncertainty, seeing major financial firms bet on XRP hits different.

If you’re new to ETF investing and want to understand the different types available, check out our guide on spot vs leveraged Bitcoin ETFs to learn the fundamentals.

Can XRP Hit $3 This Month?

Let’s talk numbers. At the time of writing this article, XRP is hovering around $2.10. It touched over $3 recently but pulled back. Some long-term holders took profits. Whales shifted their positions. Normal market stuff.

But can it climb back up?

Volume spiked 30% over the last day. That’s real interest, not just noise. The 200-day moving average sits at $2.55, and XRP is holding above that line. Good sign for the bulls.

Technical analysts are watching $2.70 to $2.75 as the key resistance zone. Break through that, and $3 comes into view pretty quickly. Below $2.55 and things get shakier.

Price predictions for 2025 are all over the map. Some analysts throw out $2.50 to $6 ranges. The optimistic ones assume these ETFs keep pulling in money and the broader market stays healthy. Big assumptions, but not impossible.

What’s Actually Driving This?

XRP isn’t just another memecoin. The token has real use cases in cross-border payments. Banks actually use it. Ripple’s partnerships span the globe. That underlying utility matters when money managers decide where to allocate funds.

The legal clarity helped too. After Ripple’s SEC settlement, the path forward got clearer. That uncertainty kept institutions on the sidelines for years. Now they’re comfortable moving.

ETF inflows create buying pressure. Canary’s first-day numbers proved there’s demand. If Franklin Templeton and Grayscale see similar flows, that’s a lot of XRP getting bought up.

Competition between providers could benefit investors too. Lower fees, better terms, more options. When companies fight for market share, customers win.

Market Dynamics Playing Out

Futures markets show $3.38 billion in open interest. CME positions increased slightly, while Binance saw some reduction. Mixed signals there.

Whale wallets have been moving tokens around. Some selling, some accumulating. The anxiety phase hit after the recent top, but sentiment seems to be stabilizing.

Bitcoin’s movements still influence everything. If BTC stays strong, altcoins like XRP typically benefit. If Bitcoin tanks, well, you know how that goes.

The correlation isn’t perfect, but it’s there. Macro factors matter too. Fed policy, global liquidity, risk appetite. All that feeds into crypto prices.

Where Things Go From Here

We’re in uncharted territory with multiple XRP ETF launches happening so close together. This level of institutional access didn’t exist a month ago.

Franklin Templeton managing trillions in assets globally? That’s serious credibility. They’re not some small crypto startup. When they launch an XRP product, people notice.

Will XRP hit $3 soon? Depends on who you ask. The setup looks interesting. ETF flows could provide steady buying. The technical picture isn’t broken. Fundamentals keep improving.

But crypto markets are wild. Nothing’s guaranteed. Resistance levels break, or they don’t. Whales dump, or they accumulate. News drops and prices react.

What we know for sure is that the XRP ETF landscape changed dramatically this month. Traditional finance made its move. Now we wait to see if that translates into the price action XRP holders have been hoping for.

The next few weeks should tell us a lot.

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Disclaimer;

This article is for informational purposes only and should not be considered financial or investment advice. Cryptocurrency markets are extremely volatile and carry significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.