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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.
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The Market Periodical broke the news in on Thursday, May 1, 2025.
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