XRP ETF Approval Odds Increase to 85% for 2025

XRP Price Update

XRP stabilized around $2.20 after a drop to $1.65 earlier this month.
Current trading shows a 2% decrease over the past 24 hours.
Speculation of a US spot ETF approval is increasing bullish sentiment.
Bloomberg analysts estimate an 85% chance of approval for five proposals, up from 65% two months ago.
Polymarket traders set XRP ETF approval odds at 78% by year-end.
Market analysts predict XRP could revisit or exceed its April high of $2.36.
Dark Defender cites Elliott Wave analysis for a potential bullish impulse following current corrections.
Allincrypto forecasts a price target of $19.27, citing breakout patterns in recent charts.
XRP must breach the $2.25 resistance level for confirmed upward movement.

XRP Technical Indicators

RSI is at 52.49, indicating neutral market conditions.
Bollinger Bands suggest potential sharp price movements; a close above $2.29 could trigger bullish momentum.
If XRP falls below the $2.01 support, it may test the $1.85 level.
MACD shows buyers regaining control, though momentum remains weak.

XRP price chart | Source: TradingView