The biggest news will occur on July 25, when the SEC is expected to rule on the REX-Osprey Spot XRP ETF. Unlike futures ETFs, this fund will hold XRP directly, providing institutions with a managed way to access the market without owning the asset itself.
With court rulings favoring Ripple and increasing pressure on the SEC to modernize its approach to cryptocurrency, analysts believe the likelihood of approval will be higher.
If approved, this will not only be a green light signal but also pave the way for other issuers like Bitwise and 21Shares to follow.
• Decision date: July 25
• ETF Type: Spot XRP ETF
• Issuer: REX / Osprey shares
• Market outlook: Institutional FOMO, new highs
The approval of the spot ETF could be a catalyst, unleashing billions of dollars in capital and solidifying XRP's top 10 position.
XRP chart outlook: Overbought but bullish
Technically, XRP price predictions remain bullish as the price consolidates at $2.81 after moving parabolically within the ascending channel. The price has surpassed the resistance zone of $2.695, now acting as support.
However, a shooting star on the 4-hour chart indicates potential exhaustion, especially with the RSI index above 79, which is in the overbought zone.
Trading setup:
• Buying zone: $2.695–$2.62 (on dips)
• Stop loss: $2.48
• Target: $2.97 short-term, next resistance $3.14–$3.31
• Note: Bullish engulfing candle or hammer candle
The volume is gradually decreasing, so patience is needed. A price drop will be a better opportunity to enter the trade.
With ETF funds dominating the July narrative, XRP may be entering an important chapter. Now, all eyes are on the regulators, and if approvals go through, XRP may retest its all-time highs.
