🚀 THE ETF OF $XRP IS COMING! Probability rises to 85% according to analysts
🔹 What is happening?
Changes in the SEC (new leadership) increase hopes for a spot ETF of XRP.
Probability of approval: 85% (previously 65%), according to Bloomberg.
Bets on Polymarket: 80% chance for December 2024.
📊 Mini-technical analysis:
Bullish pattern: XRP in "descending wedge" (possible bullish reversal).
RSI: Above 50, indicates positive momentum.
Targets:
🔹Breakout at 2.40∗∗→Target1:∗∗2.40∗∗→Target1:∗∗3.74 (+71%).
Key support: $2.20 (to avoid declines).
💡 Why does it matter?
An ETF would attract institutional capital, boosting demand.
XRP could retake highs of 2.36 (April 2025) and aspire to 2.36 (April 2025) and aim for 19.27 (according to some analysts).
⚠️ But...
The SEC postponed its decision on the Franklin Templeton ETF until June 17.
The U.S. economy is in uncertainty (negative GDP recently affected prices).
👇 Do you think XRP will reach $3 this year? Share your perspective!