XRPETFS

$BTC

At the moment, a strong neutral sentiment has taken hold in Bitcoin’s price action, with an average fluctuation of just over 1% in the last four trading sessions. Indecision persists as BTC struggles to break through the $95,000 barrier, especially as the U.S. dollar has begun to regain strength—limiting the continuation of steady bullish momentum. Additionally, the CMC Crypto Fear and Greed Index remains in the neutral zone, suggesting that the market is showing uncertainty regarding confidence in cryptocurrencies.

Uptrend in focus:
Since April 10 of this year, a new short-term bullish trend has been forming in Bitcoin’s movements. Although recent selling corrections have not been strong enough to break the upward structure, it is important to note that a prolonged period of neutrality could put the current bullish formation at risk in upcoming sessions.

RSI:
The RSI line continues to oscillate near the overbought zone marked by the 70 level. As it approaches this threshold, it could signal a potential imbalance in buying pressure and may lead to short-term bearish corrections.

ADX:
The ADX line remains slightly above the 20 level, indicating that the average volatility of the last 14 periods is still low. This suggests that recent price movements lack strong directional momentum.

Key Levels:

$95,000: A short-term resistance level aligned with the 61.8% Fibonacci retracement. A breakout above this zone could reinforce a stronger bullish bias and open the door for a more significant buying trend.
$100,000: A distant resistance level at a major psychological threshold. If price action pushes toward this level, it could signal the beginning of a long-term trend and a potential move toward all-time highs.
$90,000: A key support level, corresponding to the most important neutral zone tested in recent weeks. A break below this level could invalidate the current bullish formation and shift momentum in favor of sellers.
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Despite a short-term dip of 5% following disappointing U.S. GDP data, XRP is gaining strong bullish momentum, powered by rising expectations for a spot XRP ETF approval in the United States. With approval odds now climbing to 85%, analysts are increasingly confident that XRP could set new all-time highs in 2025.
XRP ETF Approval Odds Rise Sharply
According to Bloomberg ETF analysts, the odds for a spot XRP ETF approval by regulators have surged from 65% to 85%, following a shift in leadership at the U.S. Securities and Exchange Commission (SEC). Applications from major issuers like Grayscale, 21Shares, WisdomTree, Bitwise, Canary, and Franklin Templeton are currently under review.
Betting markets echo this optimism. Polymarket shows that traders now assign an 80% chance of XRP ETF approval by December 31, up from 63% last week. The most notable recent development was the SEC’s decision on April 29 to postpone its ruling on Franklin Templeton’s XRP ETF, with the next review scheduled for June 17.
Analysts believe that ETF approval could open the floodgates for institutional capital, boosting liquidity and accelerating mainstream adoption of XRP.
Technical Charts Signal Bullish Breakout Potential
Despite the recent correction, technical indicators remain positive for XRP. The altcoin is currently consolidating within a falling wedge pattern, a classic bullish reversal formation.
A breakout above the key resistance at $2.40 would confirm the pattern, potentially driving XRP to the next major target at $3.74, a 71% increase from current levels. The Relative Strength Index (RSI) remains above the midline, supporting the bullish case.
To maintain upward momentum, XRP must hold above its support at $2.20, and break through the resistance zone between $2.80 and $3.00.
Analyst Price Targets: $3.74 to $19.27
Crypto analysts are becoming increasingly bold in their XRP projections. Renowned trader Dark Defender believes the current dip is part of an Elliott Wave structure, and that XRP is “climbing to the top” as the wave progresses.
Fellow trader Allincrypto forecasts a potential rally to $19.27, citing a breakout from the falling wedge. According to him, XRP is following a "textbook perfect pullback" before a major rally resumes.
ETF Approval Could Be a Game-Changer
If the XRP ETFs gain SEC approval in the coming months, it would mark a transformative milestone for the asset. Not only could it legitimize XRP in the eyes of institutional investors, but it would also significantly boost demand and price momentum.
For now, all eyes remain on the June 17 SEC review date and the broader ETF approval landscape in 2025.

This post first appeared on Cryptosnewss.com

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