XRP Poised for Breakout as Spot ETF Approval Odds Surge to 85%
XRP is showing strong bullish signals as the likelihood of a spot ETF approval jumps to 85%, up from 65% just two months ago. The cryptocurrency is holding steady above the $2.20 support level, with technical indicators like the 50- and 100-day EMA convergence and a bullish MACD signal suggesting a potential breakout. Despite reduced discussion, investor confidence remains high.
Ripple Price Prediction: XRP Signals Breakout as Spot ETF Prospects Brighten
XRP holders’ confidence surges as the likelihood of spot ETF approvals climbs to 85%, up from 65% in under two months. The cryptocurrency maintains its footing above the $2.20 support level, bolstered by the convergence of 50- and 100-day EMAs.
Traders eye a potential breakout above descending trendline resistance, reinforced by a bullish MACD indicator signal. Despite these positive technicals, waning discussion around XRP relative to other major cryptocurrencies introduces downside risks.
Ripple’s price holds steady at $2.22, with market participants growing increasingly optimistic about regulatory developments following leadership changes at the SEC. A confirmed breakout above the four-month resistance level could signal renewed momentum for the digital asset.
XRP Nears Breakout as Price Tests Key Resistance at $2.40
XRP is exhibiting bullish momentum as it challenges the $2.40 resistance level, trading at $2.37 with a 2.12% daily gain. The cryptocurrency is testing the upper boundary of a descending channel that has shaped its trend since January 2025. A wedge formation of lower highs and lows suggests an impending breakout or breakdown.
Bulls are encouraged by XRP’s position above the 50, 100, and 200-day exponential moving averages, clustered NEAR $2.20, forming a strong support zone. The Relative Strength Index at 55 indicates potential for further upside without overbought conditions.
Despite subdued trading volume, XRP’s history shows it can rally sharply on sentiment shifts. A decisive break above $2.40 may catalyze a rapid advance toward higher price targets.
Ripple’s XRP Faces Turbulence After 1000% Liquidation Event
Ripple’s XRP has encountered significant market turbulence following a staggering 1000% liquidation imbalance. The token’s price has plummeted to $2.15, with forecasts suggesting a further decline to $2.12 by May 5, 2025. This volatility stems from excessive leverage in the market, now exposed by aggressive whale movements.
The liquidation of $13.9 million in XRP positions has rattled traders, raising concerns about the asset’s stability for the remainder of 2025. Market fragility is evident as the Ripple effects of these large-scale exits continue to propagate through exchanges.
SEC Overshadows XRP’s Bullish Fundamentals as Price Crashes
XRP’s price trajectory defies its strongest fundamentals in history, with the SEC lawsuit continuing to suppress momentum despite Ripple’s partial legal victory. The prolonged settlement negotiations have created market uncertainty, overshadowing the token’s underlying strength.
Meanwhile, FloppyPepe emerges as a utility-focused meme coin contender, capitalizing on the market’s appetite for alternative narratives. The divergence between XRP’s technical merits and price action highlights regulatory risks as a persistent drag on crypto valuations.
Speculation Grows Over Potential XRP ETF Approval Amid Regulatory Shifts
Market participants are closely watching developments at the SEC as Ripple Labs executives prepare to meet with newly appointed Chair Paul Atkins on May 2. The meeting comes amid growing speculation about potential approval for spot XRP ETFs, fueled by the Trump administration’s more favorable stance toward cryptocurrency regulation.
The appointment of Atkins, known for his pro-crypto views, marks a significant departure from the Gensler-era regulatory approach. Industry observers suggest this leadership change could accelerate decisions on long-pending XRP ETF applications, with Ripple’s Chris Larsen potentially playing a key role in negotiations.
Eric Trump Predicts Crypto Will Replace SWIFT: Three Contenders Emerge
Donald Trump’s presidency has undeniably accelerated cryptocurrency’s march toward mainstream financial legitimacy. The former president’s establishment of a crypto reserve and his family’s vocal advocacy—particularly son Eric Trump’s recent remarks—highlight a growing belief in digital assets’ potential to disrupt traditional systems like SWIFT.
Eric Trump’s assertion that cryptocurrency could replace the global banking messaging network spotlights three projects positioned for this seismic shift. Ripple (XRP) leads the pack with its established cross-border payment infrastructure, though the article cuts off before detailing the other two contenders.
The Trump family’s endorsement reflects a broader institutional pivot toward blockchain solutions. As regulatory frameworks mature, these crypto projects may indeed challenge SWIFT’s half-century dominance in global finance.
