XRP Surges Past $2.27 on ETF Momentum — Can Ripple Hit $3 Next?

The XRP price experienced significant growth because of the Teucrium 2x Long Daily XRP ETF launch, which attracted over $40 million in assets. Analysts believe that Ripple received a substantial boost from this strategic market initiative as it could drive XRP token values to reach $3. XRP is exchanging hands at $2.15, a 5% drop in the past 24 hours, after the cross-border payment token soared past $2.27 on April 23. Let’s dive and decrypt what’s behind XRP’s recent surge and whether it could reclaim the $3 resistance key.

What Factors Are Driving XRP’s Recent Surge?

XRP has gained significant market attention after the Teucrium XRP ETF became accessible. The XRP leveraged exposure through this ETF, enabling institutional and retail investors to access its coin and benefit from price movements easily. The ETF accumulated over $40 million of assets during the first few weeks of operations due to substantial institutional and retail interest. The development creates a market-changing opportunity for XRP because it typically brings substantial large-scale investments alongside price increases.

️‍🔥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

XRP continues to experience price growth because of the current progress in regulatory standards. Ripple continues battling in court against the U.S. Securities and Exchange Commission throughout its prolonged legal dispute. Despite their unresolved status, investors continue to pay attention to XRP due to the positive developments surrounding the ongoing legal issues. The upcoming resolution of the legal proceedings has encouraged XRP investors through their anticipation because many view this expected outcome as positive for cryptocurrency markets generally.

How Are Whales Impacting XRP’s Market?

XRP whales have demonstrated high transaction levels in recent months, supporting potential market expansion. Recent statistics show that whales have bought 230 million XRP tokens, which has substantially changed the token’s liquidity levels and market conditions.

Image 1- XRP whale Balances, published on Santiment, April 24, 2025 

The rise of whale activity boosts the XRP price through their bulk token acquisitions, which reduce available supply and elevate price levels. Substantial price movement may result from whale positions if they maintain these heavy accumulations because whales typically hold because they see major price increases ahead.

It becomes notable that big investors who participate in whale activity confirm their confidence about cryptocurrency development in the coming time. The substantial investments of whales create an upward price momentum for XRP because their actions encourage comparable investments from retail investors, leading to price acceleration.

Will XRP Price Achieve the $3 Milestone?

The XRP price reached about $2.30 on April 23, then dropped slightly to $2.15 after short-term traders conducted profit-taking operations. Analytical experts believe institutional purchasing and whale accumulation activity will help Ripple surpass resistance at $2.20 and achieve greater milestones. 

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 the position above this level. Reaching this milestone may trigger both $3 and record-high prices.

Chart 1- XRP/USD Live price, provided by Emmaculate, published on TradingView, April 24, 2025.

A closer look at the XRP daily chart shows that the bulls attempt to gain stamina. This is evident as the 200-day MA at $1.97 is in line to offer immediate support. Moreover, the Relative Strength Index sits slightly above the mean level at 51, indicating some equilibrium prospects. On the other hand, the MACD momentum indicator upholds a bullish outlook, calling for traders to rally behind the XRP token. A price fall under $2.05 would challenge the bullish outlook, so support levels must remain intact for XRP to reach its $3 price target.