XRP Spikes 2% As ETF Odds Jump To 85%: Is A Breakout Rally Ahead?
- XRP surged over 2% amid rising approval odds for a U.S.-based XRP ETF, with the current price near $2.22 as of May 2025.
- This price movement follows growing ETF approval chances driven by proposals from Bitwise, WisdomTree, and Franklin Templeton and SEC delays pending a decision now expected by June 17.
- Analysts highlight a bullish technical setup supported by a macro channel breakout and institutional interest, projecting XRP could rise between $12.23 and $22.20 if ETFs capture 15% to 30% of Bitcoin ETF inflows.
- Bloomberg analyst Eric Balchunas assigned an 85% probability to XRP ETF approval, noting 'approval odds surging,' while traders prepare for a historic price rally in 2025.
- If approved, an XRP ETF could open billions in institutional capital flows, potentially triggering a major rally that might replicate Bitcoin’s earlier parabolic price explosion.
16 Articles
16 Articles
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XRP Poised For Final Flush Before Breakout, Predicts Crypto Analyst
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XRP Nears Breakout as Price Tests Key Resistance at $2.40
XRP is showing strong bullish signals as it approaches the $2.40 resistance level, trading at approximately $2.37 after a 2.12% daily gain. The asset is testing the upper boundary of a descending channel that has defined its trend since January 2025. This setup, combined with a wedge formation of lower highs and lows, points to an imminent breakout or breakdown. Whats encouraging for bulls is XRPs position above all three major exponential movin…
Ripple Price Analysis: XRP Hits Key Resistance at $2.4 – Is a Drop to $2 Next?
Ripple has enjoyed a bullish rally in recent weeks, but the momentum now appears to be fading as buyers confront a significant resistance level. Technical signals suggest that the market is entering a cooling-off phase, marked by consolidation and potential short-term retracement. XRP Analysis By Shayan The Daily Chart On the daily timeframe, XRP’s uptrend has been met with strong resistance around the $2.4 mark, which also coincides with the up…
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