#XRPETFIncoming? Greetings dear followers ๐ #Xrp๐ฅ๐ฅ SOOOOOOOONNNNNNNNN $4 #XRPETFIncoming? $XRP Eyes 27% Rally Amid Growing ETF Filings.... $XRP is positioned for a potential 27% surge as asset managers prepare to file multiple XRP ETF applications with the SEC. The NYSE Arca recently submitted a 19b-4 filing to convert Grayscaleโs XRP Trust into a spot XRP ETF, signaling increasing institutional interest.
XRP
3.0645
-1.3%
Following this development, firms such as Bitwise, Canary Capital, 21Shares, WisdomTree, and CoinShares are expected to resubmit their XRP ETF filings, which were previously withdrawn under the old SEC administration. Approval of an XRP ETF could mark the end of Rippleโs legal battle with the SEC, further fueling bullish momentum.
Technical Outlook
XRP is consolidating within a bullish pennant, with a breakout above $3.55 potentially pushing prices toward $4.10. However, a daily close below $2.62 would invalidate the bullish scenario.
RSI indicates strong bullish momentum.
Stochastic Oscillator suggests a possible short-term correction.
As ETF filings increase and market interest grows, XRPโs upside potential remains strong, contingent on SEC approval and key technical breakouts.
