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

XRP is back in the spotlight as traders and analysts anticipate a potential surge to new all-time highs. With the odds of a spot XRP ETF approval now at 85%, the crypto market is buzzing with speculation. Could 2025 be the year XRP breaks its previous records?

Why XRP Traders Are Bullish Despite Recent Dip

Over the past 24 hours, XRP’s price dipped by 5%, partly due to concerning US GDP data indicating a shrinking economy. However, this short-term pullback hasn’t shaken traders’ confidence. The altcoin’s market structure remains strong, and technical indicators suggest a potential rebound toward its April peak of $2.36.

Technical Analysis: Falling Wedge Points to Bullish Breakout

XRP is currently trading within a falling wedge pattern, a bullish reversal formation characterized by converging trendlines connecting lower highs and lower lows. This pattern signals weakening downward momentum and often precedes a breakout.

• Breakout Target: A decisive move above the upper trendline at $2.40 could propel XRP toward $3.74—a 71% surge from current levels.
• RSI Indicator: The Relative Strength Index (RSI) remains above the midline, reinforcing bullish sentiment.

Analyst Predictions: How High Can XRP Go?

Prominent traders are setting ambitious price targets:

• Dark Defender: Believes XRP is following an Elliott Wave pattern, suggesting a continued climb to new highs.
• Allincrypto: Predicts a breakout toward $19.27 based on the falling wedge pattern.

“Where we are pulling back is textbook perfect, and we had highlighted a falling wedge that was present on XRP that ultimately was just going for a continuation to $19.27.”

XRP ETF Approval Odds Jump to 85%

The likelihood of a spot XRP ETF approval has surged to 85%, according to Bloomberg analysts. This marks a significant increase from earlier estimates of 65%, driven by a leadership change at the SEC.

Key Factors Boosting ETF Approval Chances

• SEC Leadership Shift: The appointment of Paul Atkins as SEC Chair has improved regulatory sentiment toward crypto ETFs.
• Institutional Demand: Major firms like Grayscale, 21Shares, and Franklin Templeton have filed for XRP ETFs, signaling strong institutional interest.
• Market Sentiment: Polymarket betting odds now reflect an 80% chance of approval by December 2025, up from 63% in late April.

What’s Next for XRP ETFs?

The SEC recently delayed its decision on Franklin Templeton’s XRP ETF application, pushing the review deadline to June 17. While the timeline remains uncertain, approval could unlock billions in institutional capital, driving XRP’s price higher.

Conclusion: Is XRP Poised for a Major Rally?

With technical indicators flashing bullish signals and ETF approval odds at an all-time high, XRP could be gearing up for a historic run. Traders should watch for a breakout above $2.40, which could confirm the next leg upward.

Key Takeaways:

• XRP’s falling wedge pattern suggests a potential 71% rally to $3.74.
• ETF approval odds have surged to 85%, boosting market optimism.
• Institutional adoption could be the next major catalyst for XRP.

This article does not contain investment advice. Always conduct your own research before making trading decisions.