XRP ETF Deadline Looms: Will This Be the Catalyst for a Price Explosion?
The clock is ticking—regulators are nearing their decision deadline on the first-ever XRP ETF. Market makers are already placing bets.
Why this matters more than the 37th Bitcoin ETF filing
While Wall Street plays musical chairs with Bitcoin ETFs, an XRP fund would crack open a market that''s been sidelined by legal purgatory. The SEC''s grudging acceptance could trigger institutional flows that make last year''s retail frenzy look quaint.
Price impact: Speculation vs reality
Traders are pricing in a 20-30% pop on approval—but remember how ''game-changing'' events like Coinbase listings actually played out. The real juice comes if this unlocks staking or derivatives markets.
Just don''t call it a comeback (yet)
Even if approved, the fund would need months to gather assets. And let''s be honest—after years of ''XRP army'' hype cycles, most bankers still think it''s that coin Ripple keeps dumping on retail. Prove them wrong.
XRP’s Latest Price Action Amid On-chain Movement
On the other hand, when looking at the on-chain data, the average daily active addresses on the XRP ledger has been approximately 295,000 over the last week, as compared to the 3-month average of 35,000 to 40,000. This spike suggests that the network is being used more frequently mostly due to anticipation growth and Optimism in the market.
📊 The XRP ledger is showing serious signs of growth, from both a usage and key stakeholder perspective.
📈 The amount of interacting $XRP addresses has averaged over 295K per day over the past week. Its normal daily average over the past 3 months was approximately 35-40K.
🐳… pic.twitter.com/RvxE8BSFAg
Additionally, the total wallets that contain XRP of 1 million or more (about 2.25 million or higher) have exceeded 2,700 wallets for the first time in over 12 years of the existence of XRP. Such wallets, more commonly identified as whales and sharks, increase the confidence among the high-net-worth owners.
Let us now understand how the rising possibilities of XRP ETF could impact the XRP price prediction this month!
The xrp price makes a sharp comeback with a 7.35% jump within 24 hours. With a 148.09% surge to $3.74 billion in its daily trading volumes, the XRP token has reclaimed the market capitalization of $136.6 billion. Following this, its dominance has risen to 3.9766%.
The EMA 200-day acts as a major support around the $2 mark, while the 50-day EMA has witnessed a bullish convergence just above the $2.25 mark. This suggests an increasing buying pressure for the altcoin in the crypto market. Considering this, the XRP price may continue rising this week.
The Relative Strength Index (RSI) shows a positive reversal above the oversold range, resulting in it breaching the halfway mark and is currently valued at 55.46. A sustained price sentiment could result in it heading toward the overbought range within the shorter time frame.
What’s Next for XRP Price?
The XRP coin price could breach its immediate resistance of $2.35 and retest its price targets of $2.57 or $3 in the upcoming time. However, resign optimism and a potential approval of XRP ETF could push the price toward its upper range of $3.50 or above this month.
On the contrary, a bearish pullback may result in it retesting its immediate support of $2.14. A delayed decision or a negative result may pull the price toward its lower support trend levels of $2 or $1.94 in the upcoming time.
Also Read: US SEC Acknowledges Truth Social’s Bitcoin ETF
