XRP Price Prediction: $2.18 Support Strong After ETF Launch
XRP trades at $2.18 as Brazil launches the world’s first spot XRP ETF. Explore how this milestone could reshape institutional adoption...
Quick overview
- Hashdex and Genial Investimentos have launched the world's first XRP spot ETF, XRPH11, on B3, targeting advanced investors.
- The ETF will hold at least 95% of its assets in XRP and is custodied by Genial Bank SA.
- Recent inflows into XRP funds indicate strong institutional interest, with potential global crypto ETP inflows estimated at $8B.
- While Brazil's crypto market share is currently 0.9%, the approval of a U.S. XRP ETF could significantly boost institutional demand.
Hashdex and Genial Investimentos just launched the world’s first XRP spot ETF, XRPH11, on B3. Listed under the Nasdaq XRP Reference Price Index, the fund will have at least 95% of its assets directly in XRP and is for advanced investors.
This is Hashdex’s 9th ETF on B3, after Bitcoin (BTC), Ethereum (ETH) and Solana (SOL). Custodied by Genial Bank SA, XRPH11 is for sophisticated investors looking to add digital assets to their portfolio within Brazil’s growing regulatory framework.
Key Highlights:
- XRP ETF ticker: XRPH11
- Minimum 95% XRP
- Targeting advanced and institutional investors
- Custodian: Genial Bank SA
Brazil is 0.9% of the global crypto ETP market, but XRPH11 puts Hashdex ahead of the curve. Will it get global attention? We’ll see.
What It Means for XRP and the Market
XRPH11 comes at a good time. XRP funds led crypto ETP inflows last week with $37.7M – a big sign of institutional interest. JPMorgan predicted crypto ETPs could see up to $8B in inflows, so there’s a lot of upside.
But risks are there. Brazil’s Solana ETF saw little demand and XRPH11 might face the same if volume doesn’t pick up.
For XRP’s price, a slow start could mean short term volatility, but a steady AUM growth would mean price stability over time.
Quick Snapshot:
- XRP Fund Weekly Inflow: $37.7M
- Global Crypto ETP Potential: $8B inflows
- Brazil Crypto Market Share: 0.9% of global AUM
U.S. XRP ETF Approval: Just Around the Corner?
While Brazil leads, U.S. approval is still a work in progress. Firms like Grayscale and Bitwise have filed XRP ETF applications and the Polymarket prediction market gives 74% chance of U.S. approval in 2025.
With the new SEC Chair Paul Atkins being pro-crypto, things might move faster.
Nate Geraci, ETF Store president, thinks XRP ETF approval is “a no brainer” and expects big players like BlackRock and Fidelity to jump in.
If approved, a U.S. listed XRP ETF could unlock institutional demand and supercharge XRP’s long term growth.
XRP Price Outlook: Bulls Target $2.33 Breakout
Technically, XRP/USD is at $2.17, above a trendline that has been support since mid April. 50 EMA ($2.16) is holding and immediate resistance at $2.27 is the next target.
A breakout above this level could take XRP to $2.33 and $2.40.
Trade Setup:
- Buy breakout: Above $2.27
- Targets: $2.33 and $2.40
- Stop-loss: Below $2.16
Volume confirmation is key – patience will reward disciplined entries over emotional trades.
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