ETF Hype Lifts XRP—Can It Crack $2.12?

XRP is no longer sitting on the sidelines in the ETF race. On April 15, ProShares filed for a Short XRP ETF and plans to launch as soon as April 30.

If approved, it will be the first XRP futures-based ETF and allow traders to gain or hedge XRP exposure without holding the token directly.

Big deal—not just for XRP, but for altcoin adoption in traditional finance. The proposed product will open the door for more retail and institutional investors who prefer regulated, brokerage-based exposure to digital assets.

XRP Leads Altcoin ETF Activity

According to Kaiko’s latest research, XRP now tops the ETF filing leaderboard among altcoins with 10 active applications more than Solana, Litecoin or Dogecoin. Big names like Bitwise, 21Shares and CoinShares are all in line for approval.

Why the rush? One word: liquidity.

XRP has always had one of the deepest and tightest order books among non-Bitcoin assets. That’s a key metric for the SEC which has historically cited liquidity as a barrier to ETF approval.

So far, XRP is checking the right boxes.

Regulatory Winds Are Shifting

The ETF buzz is fueled by talk of a Ripple–SEC settlement. Crypto analyst John Squire sees the ProShares filing as a sign that institutional sentiment is turning. “XRP isn’t just waiting to be accepted—it’s demanding a seat at the table” he said.

He also hinted that leadership changes at the SEC could fast track XRP into regulated finance.

All eyes are now on April 30. If the SEC approves ProShares’ Short XRP ETF, it could be a turning point—not just in perception but in adoption.

XRP Price Holds at $2.09—Is a Breakout Brewing?

While the ETF buzz simmers, XRP’s chart is flashing green.

The token is holding at $2.09 supported by a rising trendline that has acted as a floor for recent dips. The $2.11 resistance and 50-period EMA are in play capping near term gains but bulls aren’t backing down.

As long as $2.05 holds the structure is bullish. A break above $2.12 could lead to $2.18 then $2.24 as volume comes back into the market.

RSI is 49 not yet bullish but plenty of room to run.

Trade Setup:

• Entry: Buy on close above $2.12

• Target: $2.18 – $2.24

• Stop Loss: $2.05

• Pro Tip: Look for a strong candle close with increasing volume. Don’t jump the gun—wait for confirmation.

Bottom Line:

XRP’s moment is coming. With most ETF filings among altcoins, growing institutional interest and a chart coiled for action the next few weeks could be big. Whether the breakout comes from news or momentum XRP is finally out of the regulatory shadows—and into the ETF spotlight.