{"id":19626,"date":"2025-05-01T01:00:00","date_gmt":"2025-05-01T01:00:00","guid":{"rendered":"https:\/\/gold.creditcard\/xrp-traders-predict-new-all-time-highs-as-etf-approval-odds-rise-to-85\/"},"modified":"2025-05-01T01:00:00","modified_gmt":"2025-05-01T01:00:00","slug":"xrp-traders-predict-new-all-time-highs-as-etf-approval-odds-rise-to-85","status":"publish","type":"post","link":"https:\/\/gold.creditcard\/es\/xrp-traders-predict-new-all-time-highs-as-etf-approval-odds-rise-to-85\/","title":{"rendered":"XRP traders predict new all-time highs as ETF approval odds rise to 85%"},"content":{"rendered":"

Key takeaways:<\/strong><\/p>\n

XRP ETF approval odds rise to 85% following a SEC leadership change.<\/p>\n

Analysts predict XRP could rise to new all-time highs again in 2025.<\/p>\n

XRP price dropped by 5% over the past 24 hours as US GDP data showed a shrinking economy<\/a>. <\/p>\n

However, a strengthening market structure and investors\u2019 growing hope for a spot XRP ETF approval in the United States suggest that the altcoin might revisit its April peak at $2.36 in the short term.\u00a0<\/p>\n

XRP\/USD daily chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n

Technical charts currently show XRP (XRP<\/a>) trading within a falling wedge pattern. A “falling wedge” is a bullish reversal chart pattern that comprises two converging trend lines that connect lower lows and lower highs. This convergence indicates weakening downward momentum.\u00a0<\/p>\n

The pattern will resolve when the price breaks above the upper trendline at $2.40, and if this happens, buyers could target $3.74 next, representing a 71% increase from the current price.<\/p>\n

XRP\/USD daily chart. Source: Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n

The relative strength index<\/a> (RSI) is above the midline, indicating that the market conditions still favor the upside.<\/p>\n

However, to sustain the ongoing recovery, XRP price has to first hold the support at $2.20 and then overcome the resistance between $2.80 and $3.00.<\/p>\n

Several analysts remain optimistic about the altcoin\u2019s ability to rebound to all-time highs, with popular trader Dark Defender saying<\/a> that the ongoing correction is part of an Elliott Wave pattern that will eventually see \u201cXRP continue its climb to the top.\u201d<\/p>\n

Fellow trader Allincrypto believes<\/a> XRP is \u201cheading to $19.27\u201d based on a breakout from a falling wedge pattern.<\/p>\n

\u201cWhere we are pulling back is textbook perfect, and we had highlighted a falling wedge that was present on XRP that ultimately was just going for a continuation to $19.27.\u201d<\/p>\n

Related: <\/strong><\/em>What are XRP futures and how to invest in them?<\/strong><\/em><\/a><\/p>\n

Approval odds for an XRP ETF approval in 2025 rise<\/h2>\n

Bloomberg senior ETF analysts said<\/a> that the five spot XRP ETFs, including Grayscale, 21Shares, WisdomTree, Bitwise, Canary, and Franklin Templeton, have an 85% chance of approval after the change in leadership<\/a> at the US Securities and Exchange Commission (SEC).<\/p>\n

This is a significant improvement from their prediction over two months ago that set the chances<\/a> of an XRP approval in 2025 at 65%.<\/p>\n

Source: <\/em>Eric Balchunas<\/em><\/a><\/p>\n

Similarly, the betting odds for an XRP ETF approval <\/a>by Dec. 31 now stand at 80% on Polymarket. Over the past week, the probability of approval has swung 17% in favor of the bullish masses, which was around 63% on April 23.<\/p>\n

XRP ETF approval odds on Polymarket. Source: Polymarket<\/em><\/p>\n

Meanwhile, on April 29, the SEC postponed its decision<\/a> on Franklin Templeton\u2019s spot XRP ETF, setting a new review deadline on June 17.<\/p>\n

The approval of these ETFs could unlock institutional capital, amplifying demand for the XRP. While approval timelines remain unclear, they would mark a step toward mainstream adoption for XRP.<\/p>\n

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>","protected":false},"excerpt":{"rendered":"

Key takeaways: XRP ETF approval odds rise to 85% following a SEC leadership change. Analysts predict XRP could rise to new all-time highs again in 2025. XRP price dropped by 5% over the past 24 hours as US GDP data showed a shrinking economy. However, a strengthening market structure and investors\u2019 growing hope for a […]<\/p>","protected":false},"author":0,"featured_media":19627,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[9],"tags":[],"class_list":["post-19626","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-finance"],"_links":{"self":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19626","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/comments?post=19626"}],"version-history":[{"count":0,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/posts\/19626\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media\/19627"}],"wp:attachment":[{"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/media?parent=19626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/categories?post=19626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gold.creditcard\/es\/wp-json\/wp\/v2\/tags?post=19626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}