XRP Price Slips 5% – Can the Token Rebound to $3 Amid US XRP ETF and Whale Accumulation?
Highlights:
- XRP price drops 5% to $2.15 as its daily trading volume plummets 24%.
- Teucrium 2x Long Daily XRP ETF has over $40M in net assets.
- Technical indicators and surging whale activity indicate a potential rally to $3 in XRP.
The Teucrium 2x Long Daily XRP ETF launch helped the XRP price surge, thanks to assets on the XRP ETF of over $40 million. Analysts say this strategic market initiative significantly boosted Ripple, and the XRP token value could rise to $3.
After rising above $2.27 on April 23, XRP is exchanging hands at $2.15, a 5% drop in the last 24 hours. Its daily trading volume has notably plunged 24%, indicating a drop in market activity. Can Xthe RP price rebound to $3?
What Factors Are Driving XRP’s Recent Surge?
On the Teucrium website, the 2x Long Daily XRP ETF has accumulated net assets of more than $40M. This is a great milestone, especially since the product launched on April 8 and has traded for less than one month.
First, to launch XRP ETF in the US, Teucrium’s XXRP was created and has brought a lot of interest in the Ripple price despite the market anxiety, with investors keen to invest in this product, which is a bullish sign for the Ripple price and that it may help break this hurdle barrier above the key resistance halt of $2.20 to $3.
️🔥Teucrium has launched its 2x Daily $XRP ETF and their CEO says XRP "will have the most utility": "We will see a different Wall Street, we will see traditional finance merged with DeFi.""The XRP community are a bit of a cult."
pic.twitter.com/jmnlQIvNN6— ALLINCRYPTO (@Allincrypto0) April 24, 2025
Meanwhile, Teucrium’s CEO appeared in a Bloomberg interview in which he said XRP has the most utility in crypto. Speaking about the acquisition of Hidden Road, Ripple opined that they have had utility in payments, tokenization, and brokerage services.
Whales are also rapidly accumulating XRP and getting ready for more profits. According to our data from Santiment, as the XRP price picked up on the multi-week highs, 260M XRP was purchased by the addresses holding between 1M and 100M XRP. Whales and institutions are interested in the XRP price, and the bullish outlook shows that the token will soon push toward $3.
Will XRP Price Hit $3?
On April 23, the XRP price roughly rose to around $2.30 but dropped slightly to around $2.15 as short-term traders executed profit-taking trades. Ripple could surpass resistance at $2.20 if the bulls gain momentum, thanks to surging whale accumulation. Meanwhile, the XRP daily chart indicates that the bulls still dominate the market.
Moreover, the 200-day MA at $1.97 offers immediate support, possibly giving the bulls a hind wing toward the $2.20 resistance mark. If the bulls break through this level, the XRP price would rally to the upside, potentially to $3.
The Relative Strength Index sits at 51, which shows some equilibrium prospects. On the other hand, the MACD momentum indicator upholds a bullish signal, calling for traders and investors to buy more XRP. Based on technical data, XRP demonstrates promising signs of a descending channel breakout that would gain confirmation if prices break past $2.75 and hold a position above this level. Reaching this milestone may trigger both $3 and record-high prices.
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Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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