XRP Primed for Growth as ETF Hopes Surge
This week, bullish momentum for XRP has intensified, driven by significantly increased expectations for a spot ETF approval in the US. Analysts now estimate approval odds as high as 85% by late 2025, fueled by leadership changes at the SEC.
Anticipation of an XRP ETF is high due to the potential for substantial institutional investment, similar to the positive price impact seen after Bitcoin and Ethereum ETFs. Analysts foresee this capital influx potentially pushing XRP to new all-time highs.
Technically, XRP shows resilience around the $2.20 support level, aligning with key EMAs. Traders are watching for a breakout above a descending trendline, potentially confirmed by a MACD buy signal.
While the SEC delayed Franklin Templeton's XRP ETF decision to June 17th, the prevailing sentiment suggests easing regulatory obstacles. A positive resolution in the SEC vs. Ripple case, with a settlement deadline on June 16th, could further clear the path for ETF approval.
The combination of rising ETF prospects, encouraging technical indicators, and potential regulatory clarity creates a strong bullish outlook for XRP's near-to-medium-term growth. Investors are closely monitoring these developments, anticipating significant upward movement.
