XRP ETF news:
Excitement is building around XRP as traders prepare for a historic price breakout in 2025. Expectations are focused on the possibility of an XRP exchange-traded fund (ETF) in the U.S. being approved soon, with analyst Eric Balchunas from Bloomberg currently assigning an 85% probability to this. Confidence has been bolstered following recent leadership changes at the U.S. Securities and Exchange Commission (SEC), the regulatory body overseeing cryptocurrency.
An XRP ETF would open the traditional market to institutional investors, potentially leading to a capital explosion worth billions of dollars. Bitcoin ETFs, launched in early 2024, have attracted nearly $39 billion. If the XRP ETF only captures 15% to 30% of this volume, XRP's price could surge significantly.
For instance, a 15% share worth approximately $5.85 billion could push XRP's price to $12.23, which represents a 450% increase from the current level of $2.22. If it reaches 30%, XRP's price could jump to $22.20, an astounding 900% increase.
When will the XRP ETF be approved?
Momentum is rising sharply. The Polymarket prediction platform currently bets on the likelihood of XRP ETF approval at 80%, up significantly from 68% last week. Major asset managers like Bitwise, WisdomTree, and Franklin Templeton have all submitted proposals.
While the SEC has delayed its decision on Franklin Templeton's ETF until June 17, industry experts believe the chances of approval are increasing. If approved, XRP could follow in Bitcoin's footsteps and witness a strong price surge.
When will XRP's price increase?
Market sentiment is becoming increasingly optimistic. XRP is predicted to regain the April peak of $2.36 in the short term and could reach a new all-time high by 2025. Notable trader Dark Defender sees the recent dip as part of a broader bullish pattern, while Allincrypto predicts XRP could reach $19.27 in the long term.
XRP price today: Important levels to watch
Despite the positive ETF narrative, XRP's price has dropped 5% due to weaker U.S. economic data. This altcoin is forming a bullish technical structure, and if it surpasses $2.40, it could advance to $3.74.
For this to become a reality, XRP needs to hold the important support level of $2.20 and break through resistance at $2.80–3.00. If successful, this altcoin could enter a new breakout phase.
Source: https://tintucbitcoin.com/xrp-chuan-bi-tang-manh-khi-etf-gan-duoc-duyet/
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