$XRP XRP is preparing for big moves. As the U.S. Securities and Exchange Commission (SEC) reviews spot ETF applications, traders and analysts are paying close attention. Many think XRP could be next after Bitcoin.
XRP ETF. Likely to rise, but the delay is still in place.
The possible approval of a Spot ETF is the most discussed topic in XRP News right now. P*******ket says there is an 83% probability that the SEC will approve one by the end of 2025. This number has increased from 70% just a few days ago.
XRP Price Forecast: Can it reach $15 or more?
Some experts believe that XRP is about to break out after a rise similar to that in 2017. They say that the $2.30 level is very important support. Experts think that the price momentum will rise quickly. The token is currently priced around $2.30, but it won't reach $2.70. A strong push could bring XRP into the next big areas.
But there are dangers. According to GlassNode's on-chain data, over 70% of holders bought at recent highs or near them. Many people may sell quickly if prices drop.
Analysts also say that a bear flag pattern is forming. If XRP falls below $2.20, it could drop to $1.39, which is a 40% decrease. But if the ETF is approved, XRP could quickly rise above $3.50 and into double digits. In the long term, Rob Cunningham believes it could be worth between $20 and $30.
Final word: XRP has momentum, but rethinking may be the best course of action.