Should You Front-run Wall Street & Buy XRP Ahead of SEC’s Ripple ETF Approval?

XRP price remains flat today, April 30, with a slight 0.8% decline in 24 hours as traders remained hesitant following the SEC’s delay on a spot Ripple ETF filing. However, Bloomberg analysts are optimistic that approval will likely happen this year, as the final deadline is in October. Amid these developments, should a proactive trader front-run Wall Street and buy the XRP token? Let’s explore.

XRP Remains Flat As Bloomberg Eyes ETF Approval in Q4

XRP value today is experiencing sideways moves with no clear breakout despite a bullish outlook in the broader market as Bitcoin defends $95,000. Its lack of meaningful gains comes after the SEC delayed the decision on Franklin Templeton’s XRP ETF filing until June 17.

Despite this development, Bloomberg has increased XRP ETF approval odds to 85% while analyst James Seyffart has opined that the commission may give its nod on the pending applications during the last quarter of 2025. While responding to Crypto in America host Eleanor Terrett, Seyffart added that the SEC approve the filings before the final decision date.

Seyffart is likely basing his projection for approval on the SEC vs. Ripple lawsuit coming to an end. The new chair, Paul Atkins, took office last week, and he may be the key to this case finally being closed.

Should You Front-run Wall Street and Buy Ripple?

Approval will mean gains for the XRP price, considering that institutions have shown interest in the Ripple ETFs that are already trading. The first US leverage Ripple ETF by Teucrium has amassed $55M in net assets one month into launch, while Brazil also debuted a spot ETF.

According to analyst Chad on X, approval will fuel a price rally by opening up a new revenue stream for most investors. Meanwhile, investment banking giant Standard Chartered has predicted that XRP might skyrocket to $5.50 by the end of the year while attributing this rally to ETF products.

Therefore, a trader looking to front-run a potential rally should consider buying now despite the ETF approval delay. However, caution is still advised as the SEC might still reject the applications if the lawsuit fails to be officially closed by year-end.

XRP Price Analysis as Bulls Retain Control

XRP bulls show resilience despite the rally halting after hitting resistance at $2.30, suggesting that an uptrend may be on the horizon. The token is trending within the upper Bollinger band, implying a strong bullish momentum and the likelihood of the rally continuing.

Meanwhile, the RSI continues to rise and has reached 56, which points to sustained buying pressure and a likelihood that the XRP price will continue to trend upwards.

If the bullish scenario holds and Ripple maintains support at the middle Bollinger band, it faces the next resistance at $2.61, and if it can flip this level, it could continue the toward trend towards $3.

Hence, XRP price is facing a bullish recovery as traders await the approval of spot ETF filings after Bloomberg raised their odds of the product debuting in the US to 85%. Traders might frontrun this approval and fuel gains for Ripple in the near term.

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