According to Cointelegraph, the odds of a spot XRP ETF approval have skyrocketed to 85% after a major leadership change at the U.S. SEC.
📰 Here’s what’s happening:
📈 Bloomberg ETF analysts upped their approval odds from 65% → 85%
🎯 Polymarket odds now sit at 80% for approval by Dec 31
⏳ SEC delays decision on Franklin Templeton’s XRP ETF to June 17
💹 XRP Price Action:
🔻 Recent 5% dip due to weak U.S. GDP
🔼 Still holding bullish market structure
📊 Trading in a falling wedge — a bullish reversal setup
📍 Breakout target: $3.74 (+71%)
🧱 Must hold support at $2.20 and break resistance at $2.80–$3.00
Some analysts even see a long-term breakout to $19.27 👀
💡 Approval of a spot XRP ETF could unleash institutional demand and fuel XRP’s next major leg up!
📌 Reminder: Not financial advice. Always DYOR.
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