Traders Eye Massive XRP Price Rally as XRP ETF Approval Odds Surge to 85%
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The post Traders Eye Massive XRP Price Rally as XRP ETF Approval Odds Surge to 85% appeared first on Coinpedia Fintech News
XRP ETF News: Excitement is mounting around XRP as traders gear up for what could be a historic price run in 2025.The buzz centers on growing optimism that a U.S.-based XRP exchange-traded fund (ETF) will soon get the green light, with Bloomberg analyst Eric Balchunas now assigning an 85% probability of approval.
The boost in confidence follows recent leadership changes at the U.S. Securities and Exchange Commission (SEC), which oversees crypto regulation.
An XRP ETF would allow institutional investors to gain exposure to XRP through traditional markets, potentially opening the floodgates to billions in capital. Bitcoin ETFs, launched earlier in 2024, have already seen nearly $39 billion in net inflows. If XRP ETFs attract even a modest 15% to 30% of that volume, it could send XRP into a major rally.
For instance, a 15% share of Bitcoin ETF inflows would bring in about $5.85 billion, which could push XRP’s price to $12.23, representing a 450% gain from its current level of $2.22. If XRP ETFs pull in 30%, XRP could skyrocket to $22.20, a staggering 900% surge.
When Will XRP ETF Be Approved?
Momentum is building. Prediction platform Polymarket now places the odds of an XRP ETF approval at 80%, up sharply from 68% last week. Major asset managers—Bitwise, WisdomTree, and Franklin Templeton—have all filed proposals.
While the SEC has delayed its decision on Franklin Templeton’s XRP ETF to June 17, industry insiders believe that approval is becoming increasingly likely. Should that happen, XRP may follow in Bitcoin’s footsteps and witness a parabolic price explosion.
When will the XRP Price go up?
Market sentiment is turning increasingly bullish. We can expect XRP to reclaim its April peak of $2.36 in the short term, with fresh all-time highs likely in 2025.
Popular trader Dark Defender sees the recent dip as part of a broader bullish pattern, while Allincrypto projects XRP could hit $19.27 in the longer run.
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XRP Price Today: Key Levels to Watch
Despite the bullish ETF narrative, XRP price has dipped 5%, weighed down by weaker U.S. economic data. The altcoin is currently forming a bullish technical setup, and a breakout above $2.40 could send it straight to $3.74.
For this upside to materialize, XRP must hold its ground above the critical $2.20 support and overcome resistance at $2.80–$3.00. If it does, the altcoin could enter a fresh rally phase.
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FAQs
Weak U.S. economic data led to a 5% drop in XRP’s price, though bullish sentiment around ETF approval remains strong.
The SEC is expected to make a decision on Franklin Templeton’s XRP ETF proposal by June 17, but approval odds have already surged to 80%, suggesting it could be sooner.
Analysts suggest XRP could reach between $12.23 and $22.20, depending on how much capital flows in from institutional investors through ETFs.
Bitwise, WisdomTree, and Franklin Templeton are among the top firms seeking SEC approval for an XRP ETF.
With ETF approval chances rising and bullish price predictions ahead, many traders see current levels as a potential buy-the-dip opportunity.
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