XRP ETF Approval Odds Surge to 83% as SEC Decision Looms

Investor Optimism around the potential approval of XRP-based exchange-traded funds (ETFs) has reached new heights, with prediction markets indicating an 83% probability of SEC approval this week. Despite delays, market confidence remains strong, and a final decision is anticipated by October 2025.

Investors Anticipate SEC Approving XRP ETFs Soon

Investor expectations for XRP-based exchange-traded funds (ETFs) have surged, with Polymarket data showing an 83% probability of approval this week. The U.S. Securities and Exchange Commission (SEC) has delayed its decision, but market optimism remains unwavering. A final verdict is expected in October.

The prediction market reflects growing confidence, as approval odds jumped from 70% to 83% in days. This signals strong investor belief in the SEC greenlighting XRP spot ETFs, despite regulatory hurdles. Market participants are closely monitoring developments, anticipating a landmark decision that could reshape crypto investment vehicles.

XRP Price Tests Key Resistance Amid Bullish Pattern Formation

XRP’s price action remains subdued, consolidating NEAR the $2.30 support level after failing to hold above the $2.34 resistance. A decisive breakout could propel the digital asset toward $2.44, with stronger resistance awaiting between $2.55 and $2.62.

Market structure retains bullish characteristics, marked by higher highs and higher lows. However, momentum appears to be waning without an imminent upside catalyst. Technical analysts note a potential inverse head-and-shoulders pattern developing on daily charts—a completion above $2.62 may trigger accelerated buying pressure toward $3.

Veteran Trader Peter Brandt Predicts Sharp Decline for XRP, Citing Technical Pattern

Renowned trader Peter Brandt has issued a stark warning for XRP holders, forecasting a potential drop to $1.07 based on emerging technical indicators. The cryptocurrency, which saw a 5% gain last month, now shows signs of reversal through a classic head and shoulders pattern—a formation Brandt describes as textbook.

Brandt’s analysis suggests XRP remains range-bound unless it can break decisively above $3.00. The trader noted that a breach below $1.90 could accelerate declines toward his $1.07 target. His comments, delivered via social media, carried the caveat of having no personal position in the asset.

Market participants are watching these levels closely as XRP’s price action develops. The head and shoulders pattern, while not infallible, carries significant weight among technical analysts when confirmed.

XRP Faces New Challenges as Key Support Levels Tested

XRP is under renewed selling pressure following social media commentary by veteran analyst Peter Brandt, who highlighted a potential "head and shoulders" formation on the chart. The pattern suggests a short-term retreat to $1.07, despite XRP’s 5% monthly gain. Market sentiment wobbles as traders weigh the likelihood of this technical breakdown.

Brandt’s analysis hinges on the neckline breach—a classic bearish signal that could accelerate downward momentum. The formation’s reliability in predicting trend reversals adds gravity to his warning. XRP’s recent performance now clashes with technical skepticism, creating a tension between momentum traders and chart purists.