XRP Traders Predict New All-Time Highs as ETF Approval Odds Rise to 85%

Introduction

Could XRP be gearing up for a historic rally? With the odds of a spot XRP ETF approval soaring to 85%, traders are increasingly optimistic about the altcoin’s potential to smash previous all-time highs. Despite a recent 5% dip linked to shaky US GDP data, technical indicators and shifting regulatory dynamics suggest a bullish turnaround. Here’s why analysts believe XRP could soon eclipse its April peak of $2.36—and why $19.27 isn’t off the table.

XRP’s Technical Setup: A Falling Wedge Signals Bullish Reversal

XRP’s price action reveals a classic falling wedge pattern—a bullish reversal formation where converging trendlines signal exhaustion in downward momentum. Key details:

• Breakout Target: A decisive close above $2.40 could propel XRP toward $3.74 (a 71% surge).
• Support Levels: Holding $2.20 is critical; resistance lies at $2.80–$3.00.
• RSI Confirmation: The Relative Strength Index (RSI) hovering above 50 reinforces buyer dominance.

Analyst Predictions: From $3.74 to $19.27?

Prominent traders are doubling down on ambitious targets:

• Dark Defender: Attributes the pullback to an Elliott Wave correction, forecasting a “climb to the top.”
• Allincrypto: Points to a larger falling wedge breakout, projecting a staggering $19.27 target.

“Where we are pulling back is textbook perfect… [XRP is] ultimately just going for a continuation to $19.27.” — Allincrypto

ETF Approval Odds Surge to 85%: What’s Driving the Optimism?

Bloomberg’s ETF analysts now peg the likelihood of a 2025 XRP ETF approval at 85%, up from 65% two months ago. Catalysts include:

• SEC Leadership Shift: New Chair Paul Atkins is perceived as more crypto-friendly.
• Institutional Demand: Five major firms—including Grayscale and Franklin Templeton—have filed applications.
• Market Sentiment: Polymarket’s betting odds reflect an 80% approval probability, up 17% in a week.

Regulatory Hurdles and Timelines

The SEC recently delayed its decision on Franklin Templeton’s XRP ETF to June 17, but analysts argue delays are procedural rather than dismissive. Approval could:

• Unlock billions in institutional capital.
• Validate XRP’s status as a non-security asset.
• Catalyze mainstream adoption.

Conclusion: A High-Stakes Inflection Point for XRP

XRP stands at a crossroads: Technical patterns and ETF speculation are fueling bullish narratives, but macroeconomic and regulatory risks linger. Traders should watch for:

• Key Levels: A breakout above $2.40 or breakdown below $2.20.
• ETF Updates: SEC decisions in June could trigger volatility.
• Institutional Flows: ETF approvals would likely mirror Bitcoin’s post-ETF price surge.

Actionable Takeaway: While $19.27 remains speculative, the path to $3.74 appears plausible if bullish catalysts align. Always DYOR (Do Your Own Research) and manage risk accordingly.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.