XRP ETF Approval Odds Spike to 85%—Is a Price Explosion Inevitable?
Wall Street’s latest buzz? An XRP ETF now has an 85% chance of greenlighting, according to analysts. Traders are already front-running the news—because nothing moves markets like speculative FOMO and regulatory roulette.
Why this matters: ETF approval would flood XRP with institutional cash, bypassing the usual retail pump-and-dump cycles. But let’s be real—since when do crypto markets wait for fundamentals?
The big question: Can XRP sustain a rally post-approval, or will it pull a classic ’buy the rumor, sell the news’? Cynics note that even gold ETFs took years to impact prices—but since when has crypto followed logic?
XRP Price Outlook
On the daily XRP price chart, the RSI currently stands at 52.49, suggesting neither overbought nor oversold conditions. This gives the token enough room for upward momentum based on trading volume.
XRP price chart | Source: TradingView
The Bollinger Bands are currently squeezing with the price hugging the middle band (20-day SMA). Such compressions generally result in sharp price movements. A daily close above the upper band (around $2.29) could ignite bullish momentum.
However, if XRP fails to hold the lower band (around $2.01), it may push toward the $1.85 support level.
The MACD has already crossed above the signal line, indicating that buyers are slowly regaining control. However, flat histograms suggest that the momentum is weak.
XRP price chart | Source: TradingView
A continuation of this trend could trigger more aggressive buying in the coming days.
nextXRP ETF Approval Chances Hit 85%, Will XRP Price Skyrocket?
