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01/10/25 04:09 UTC-04

XRP Breakout? Classic Chart Patterns Align With ETF Growth Ahead of Deadline

Cryptocurrency Cryptocurrency
Cryptocurrency XRP Breakout? Classic Chart Patterns Align With ETF Growth Ahead of Deadline

 

  • XRP has continued a steady pullback after reaching its all-time high of $3.66 in July.
  • ETF approval is expected to be the next major event that could trigger a potential price surge for XRP.
  • Analysts predict a historic rally for XRP following a possible influx of institutional investors.

XRP has been consolidating for three months since hitting its July 18th high of $3.66, and attention is now focused on the upcoming SEC decisions on ETF applications in October.

ETF as the Next Catalyst for XRP in October
The July breakout was fueled by Ripple’s legal victory over the SEC, which removed long-standing uncertainty surrounding XRP. This legal clarity has left investors waiting for the next major driver, and now all eyes are on the SEC’s October deadlines for XRP ETF filings.

All signs point to potential approval of several ETF applications for XRP and other cryptocurrencies. Prominent asset managers including Franklin Templeton, Bitwise, and Grayscale have filed applications, and a green light from regulators is seen as almost guaranteed.

Chances for a Historic XRP Rally
Bloomberg ETF analysts James Seyffart and Eric Balchunas are optimistic about quick approval of XRP ETFs by the SEC. They project a 95% probability that the SEC will authorize multiple issuers to launch their products in October. They cited the resolution of Ripple’s long-standing lawsuit with the SEC as the key factor paving the way for institutional adoption of XRP.

The likelihood of XRP ETF approval on PolyMarket also remains high, with users estimating odds above 90% by the end of 2025. Earlier this month, PolyMarket data showed a 93% chance, further fueling expectations of an institutional capital inflow into XRP.

What ETF Approval Could Mean for XRP Price
Crypto analysts predict a strong upside. For instance, Sistine Research projects that XRP could trade in the $37–$50 range after institutional inflows. According to TradingView, this would be more than 10 times its current price of $2.86.

See also: "Bitcoin Price Today: Rally Above $114K Stalls Amid U.S. Government Shutdown"

#XRP (XRP) #ETF #Forecast

Editor: Alyona Nabok
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