3 Explosive Signs XRP Spot ETF Mania Is Surging Before SEC’s Make-or-Break Verdict
Ripple's moment of truth looms—and the market's already frothing.
### Whale Accumulation Spikes to 6-Month High
Overnight derivatives volume just smashed $2B as institutional players place their bets. The 'smart money' isn't waiting for regulatory permission slips.
### Social Volume Goes Parabolic
XRP chatter up 300% week-over-week across trading desks and crypto Twitter. Even the usual Bitcoin maxis are sneaking Ripple mentions into their rants.
### The 'Grayscale Effect' Starts Early
OTC premiums widening like the 2020 BTC ETF playbook—because Wall Street never misses a chance to repackage the same trade with higher fees.
SEC Chair Gensler's poker face meets crypto's infinite hype cycle. Place your bets.
- XRP is now trading around $2.53, with RSI, MACD showing a bullish momentum.
- Spot XRP ETF approval under the SEC decision surges optimism in traders.
- Technical charts highlight bullish signs from traders and whales.
XRP still attracts attention in the market. However, once the coin was known mainly for its border payments, it is now in focus of renewed ETF speculation. At press time, the coin is trading at $2.53 with an increase of 10.7% over the past 24 hours.
Excitement Builds With Spot ETF
The recent post by user JackTheRipper on X had traders wondering about the Spot ETF. Investors and traders are hopeful that the next SEC approval will be for XRP after Bitcoin and Ethereum. There is a feeling of Optimism throughout the market. The whole crypto world is now eagerly awaiting approval, given that it will prompt more inflows after being signed off.
🚨The US government will reopen ANYTIME!
💥THE SPOT #XRP ETFs ARE READY TO GET APPROVED BY THE SEC💥 pic.twitter.com/xZFQ1EBKXL
The Coin is Showing Signs of Bullish Pressure
When looking at TradingView data, the momentum of the coin looks to be improving. The indicators show strong bullish pressure, the RSI is currently at above 60, and the MACD line is hovering NEAR a bullish crossover meaning indicating upside momentum. The main support level is around $2.30, and resistance is around $2.75. If the coin breaks above this range, it is reasonable to expect a move towards the $3.00 mark in the near term.
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Open Interest Crests Near $10 Billion
The CoinGlass data show that the coin futures’ open interest has increased to $10 billion this year. The open interest follows the price. Given that open interest has decreased a bit in the past few weeks, but remains at historically high levels, this shows continued participation rather than a complete exit.
In conclusion, I believe that the sentiments across the market have improved after the SPOT ETF application process began. This positive sentiment, in addition to the recent price rally of the coin, the technical indicators, and the enhancement in on-chain activity, augurs well for a semblance of optimism. If regulatory activity progresses, we could easily see the renewed momentum in the coming weeks.
