🚀 XRP ETF Approval Odds Surge to 85% — Traders Eye $3.74 and New All-Time Highs in 2025 📈
XRP is gaining strong bullish momentum, fueled 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, with Polymarket showing 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.
📈 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.