XRP prices in July show signs of potential significant movement due to consolidation levels and the activity of a new index fund.
Current XRP Price Status
As of July 1, the price of XRP was $2.20, which is 15% above the lowest point this July and 35% higher than the year-to-date low.
ETF's Influence on XRP
The recently launched Teucrium 2x Long Daily XRP ETF continues to gain traction. Data shows that the fund has not experienced any outflows since its April launch. Last week, the ETF recorded its largest weekly inflow of $33 million. Currently, XXRP ETF assets have exceeded $158 million.
Technical Analysis of XRP Price
Technical analysis indicates that XRP price has remained within a tight range in recent months, holding above the $2 support level. The symmetrical triangle formed after the price surge in November last year may signal a bullish breakout.
With current trends and potential influencing factors, the next target levels for XRP may be set at $3.8, representing a 60% increase from the current level.
