XRP Breakthrough: Spot ETF Approval Odds Surge to 85%

XRP bulls are gaining momentum as spot ETF approval odds climb from 65% to 85% in just two months, driven by Paul Atkins’ appointment as SEC Chair. This development has renewed trust among XRP holders and sparked fresh optimism for institutional adoption.

Currently trading at $2.22, XRP holds strong support around $2.20—anchored by the confluence of the 50- and 100-day EMAs. Technical indicators signal a potential breakout, with the MACD flashing a buy signal and histogram expansion indicating growing bullish momentum.

A breakout above the 4-month descending trendline could catapult XRP towards the $3.00 mark. However, resistance levels at $2.50 and $2.80 might trigger short-term profit-taking.

Despite a delay in Franklin Templeton's ETF decision (now pushed to June 17), market sentiment remains bullish. Santiment reports rising trader confidence, with platforms like Polymarket showing a 79% chance of ETF approval by year-end.

XRP discussions have slightly declined compared to other major cryptos, posing short-term sentiment risks—but the broader trend remains bullish as ETF momentum builds.

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