XRP ETF Approval Odds Hit 83% as Institutional Interest Grows
Market Optimism surrounding a spot XRP ETF has surged, with approval odds now at 83%, up from 73% just days ago, according to Polymarket data. This growing confidence is fueled by increasing institutional interest, with major players like Grayscale and Franklin Templeton leading the charge through key applications. Ripple CEO Brad Garlinghouse has also publicly endorsed the ETF concept, further boosting market sentiment. Despite the SEC’s delay in final approval, enthusiasm remains high, with October emerging as a potential milestone for XRP. Traders and investors are closely watching these developments, anticipating a significant impact on XRP’s price and adoption in the coming months.
Spot XRP ETF Approval Odds Surge to 83%, Fueling Market Optimism
Market confidence in a spot XRP ETF has jumped to 83% according to Polymarket data, up from 73% just days ago. Institutional interest is growing as Grayscale and Franklin Templeton lead the charge with key applications, while Ripple CEO Brad Garlinghouse publicly champions the ETF concept.
The SEC’s delay in final approval has done little to dampen enthusiasm. October now looms as a potential milestone for XRP, with traders anticipating a watershed moment for altcoin adoption.
XRP Traders Anticipate Breakout Amid Regulatory Developments
XRP hovers NEAR its 50-day moving average at $2.34 as derivatives volume surges 25.82% to $3.14 billion. The token has oscillated between $2.29 and $2.47 this week, marking a 7% monthly gain.
Market participants await Thursday’s closed-door SEC meeting, which could revive settlement talks with Ripple. A previous court rejection of SEC motions on May 15 triggered a price drop from $2.65 to $2.26.
Technical indicators present conflicting signals - the RSI sits at a neutral 51 while tightening Bollinger Bands suggest impending volatility. Traders appear to be positioning for a decisive MOVE as regulatory clarity looms.
XRP Price Outlook Hinges on Ripple-SEC Case Outcome, ChatGPT Predicts $5 Surge on Victory
XRP’s price trajectory faces a pivotal moment as Ripple’s legal battle with the SEC nears resolution. A favorable settlement could trigger institutional adoption in the U.S., with ChatGPT forecasting a $3.50-$5.50 range by 2025. Conversely, prolonged litigation may cap gains at $2-$3.
Altcoin season dynamics suggest 4-5x returns for XRP if bull market conditions persist. Ripple’s expanding utility reinforces long-term demand, though a worst-case legal outcome remains a tail risk.
XRP Price Prediction & Analysis: Key Resistance Levels to Watch This Week
XRP has re-emerged from regulatory uncertainty with renewed bullish momentum, drawing intense market scrutiny. Analysts are divided between euphoric projections of a surge to $3.33–$5.85—with some even speculating a long-term Wave 3 target of $36—and cautious warnings about potential retracements if support levels fail.
Technical indicators show promising signs: the token has broken critical resistance, and the RSI suggests strong buying pressure. However, the rally’s sustainability hinges on maintaining the $2.50 level. A failure here could trigger a swift pullback to $2.00, derailing the uptrend before it gains traction.
On-chain analyst Ali Marinez identifies $2.38 as a crucial support zone, a threshold that could determine whether XRP’s resurgence is a fleeting spike or the start of a sustained upward trajectory.
Nimanode Launches $NMA Presale as First No-Code AI Agent Platform on XRPL
The XRP ecosystem is witnessing a transformative phase with the launch of Nimanode, the first no-code AI agent platform on the XRP Ledger (XRPL). This innovative platform enables decentralized automation through intelligent agents capable of deploying smart contracts, optimizing DeFi strategies, and scaling on-chain operations—all without requiring coding expertise.
Institutional interest is growing as XRP whales and early investors position themselves during the live presale of Nimanode’s native token, $NMA. The project aims to redefine blockchain infrastructure by merging AI, automation, and decentralized technology, positioning itself as a pioneer in the future of on-chain productivity.
BlackRock’s Potential XRP ETF Filing Sparks Market Speculation
Rumors of BlackRock filing for a spot XRP ETF have ignited bullish sentiment across crypto markets. The world’s largest asset manager, with $11.6 trillion in assets, could trigger a watershed moment for XRP’s regulatory standing and price action.
Prediction markets now assign an 83% probability to SEC approval, up sharply from 68% last month. This mirrors the pattern seen when BlackRock applied for its Bitcoin ETF, which preceded significant price appreciation. Market makers anticipate similar momentum for XRP if the filing materializes.
