XRP Jumps 6% on Trump-Backed Crypto ETF Inclusion

Ripple’s digital asset XRP surged 6% after being selected for a new crypto exchange-traded fund that has ties to former U.S. President Donald Trump’s media venture, a move many see as a significant vote of confidence in the cryptocurrency’s long-term prospects.

Ripple’s token, XRP, captured fresh investor attention this week after the announcement of its inclusion in the newly proposed Crypto Blue Chip Exchange-Traded Fund (ETF). The ETF, backed by Truth Social, Trump’s social media platform, aims to track leading digital currencies such as Bitcoin, Ethereum, Solana, and Cronos, alongside XRP. The market reaction was immediate: XRP climbed to $2.57 within a day of the news, brushing against the $2.60 psychological threshold that traders have been closely watching.

Analysts noted that this surge marks a decisive breakout past the previous resistance range between $2.31 and $2.36. For weeks, this price band had capped any meaningful upward movement. With that hurdle removed, XRP now appears well-positioned to pursue further gains, potentially reaching resistance at $2.67 and even eyeing $2.80 in the medium term.

Technically, the momentum reflects a broader shift away from prolonged sideways trading. Some market strategists have described this phase as the start of a “third wave” rally, musing on the Elliott Wave Theory term for periods of explosive growth. If this momentum continues, XRP could eventually retest all-time highs near $3.30 or even higher.

The backing from Trump’s Truth Social carries both political and institutional significance. In an era when regulatory scrutiny is intensifying under the current administration, the emergence of a product that endorses select cryptocurrencies, including XR, signals that interest in digital assets is no longer confined to the technology fringe. Instead, major political figures and private sector leaders are recognising cryptocurrencies as legitimate alternatives to the traditional banking system.

Market observers believe this development could fuel more institutional participation, particularly among traditional investors who have remained on the sidelines. If the U.S. Securities and Exchange Commission (SEC) approves, the ETF could serve as a gateway for the broader adoption of Ripple’s cross-border payment solutions.

Still, XRP’s prospects depend on whether it can sustain this bullish momentum and defend its newly established support zones between $2.31 and $2.36. A failure to hold these levels could trigger renewed volatility and a return to range-bound trading.

In the bigger picture, XRP’s inclusion in this high-profile ETF underscores the shifting landscape of digital finance. While some policymakers continue to treat cryptocurrencies with scepticism or outright hostility, others see them as a critical component of a more open and competitive financial system. With political backing and renewed investor enthusiasm, XRP’s recent surge may be more than just another short-lived rally.