The price of XRP has significantly risen, achieving historical heights thanks to a ceasefire in the Middle East and the upcoming launch of a new ETF.
Launch of UXRP ETF
ProShares is set to launch the first XRP ETF, UXRP, which will offer double leveraged daily returns starting July 18, 2025. This product is expected to enhance accessibility to XRP for institutional investors, allowing them to amplify price volatility.
Strengthening XRP’s Global Reach Through Dubai Partnership
On July 16, Ripple announced a partnership with Ctrl Alt and the Dubai Land Department to store property deeds on the XRP Ledger. This initiative aims to introduce fractional ownership of high-value real estate, thereby increasing transparency and accessibility in the ecosystem.
XRP Price Analysis and Santiment Data
Data from Santiment indicates a significant increase in wallets holding 1–10 million XRP, occurring amid rising investor risk appetite. Additionally, the volume of coins exiting exchanges has risen. Analysts expect XRP to reach new records with a break of the $3.40 resistance level.
With recent strategic moves and the planned launch of the UXRP ETF, XRP shows growing potential for further growth, which may strengthen its market position in the cryptocurrency sphere.
