XRP Holds At $3 As First Spot XRP ETF Set To Debut This Week

XRP XRP/USD is holding near the $3 level as anticipation builds for the debut of the first-ever spot XRP ETF.

Trader Notes: Crypto chart analyst Ali Martinez said XRP is "ready to bounce" after the TD Sequential indicator flashed a buy signal.

Cryptoinsightuk observed XRP having closed above its prior weekly all-time high, hinting at a possible breakout from its long-term downtrend. Traders are now watching for confirmation through a bullish cross on the weekly RSI.

Statistics: Martinez pointed out that whales offloaded nearly 160 million XRP in the past two weeks, sparking speculation over whether large holders see downside risk or are simply taking profit.

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Coinglass data showed $12.67 million in liquidations over the past 24 hours, with $10.8 million from longs, suggesting traders remain broadly optimistic despite the pullback.

Community News: REX Shares confirmed the REX-Osprey XRP ETF (XRPR) will debut this week, marking the first U.S. ETF to provide direct spot exposure to XRP, currently the world's third-largest crypto asset.

The fund will allocate 80% of its assets in XRP, held through a Cayman Islands subsidiary, while the remaining 20% will be invested in cash and equivalents, including U.S. Treasuries, government obligations, and money market funds, as per the SEC filing.

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