{"id":24614,"date":"2025-05-01T01:16:33","date_gmt":"2025-05-01T01:16:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=24614"},"modified":"2025-05-01T01:16:33","modified_gmt":"2025-05-01T01:16:33","slug":"xrp-traders-predict-new-all-time-highs-as-etf-approval-odds-rise-to-85","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=24614","title":{"rendered":"XRP traders predict new all-time highs as ETF approval odds rise to 85%"},"content":{"rendered":"<div>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njg4NzUtNmYwYS03YmYzLTkwOWEtNzNjMDQxMDA2YWFj.jpg\"><\/p>\n<\/p>\n<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njg4NzUtNmYwYS03YmYzLTkwOWEtNzNjMDQxMDA2YWFj.jpg\" alt=\"XRP traders predict new all-time highs as ETF approval odds rise to 85%\"><\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>XRP ETF approval odds rise to 85% following a SEC leadership change.<\/p>\n<\/li>\n<li>\n<p>Analysts predict XRP could rise to new all-time highs again in 2025.<\/p>\n<\/li>\n<\/ul>\n<p>XRP price dropped by 5% over the past 24 hours as US GDP data <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-drops-under-93-k-after-us-gdp-data-shows-shrinking-economy-raising-recession-alarm\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">showed a shrinking economy<\/a>. <\/p>\n<p>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<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01968872-7deb-749c-bdee-5c8aaa476d37\" title=\"\" alt=\"XRP traders predict new all-time highs as ETF approval odds rise to 85%\"><figcaption style=\"text-align: center;\"><em>XRP\/USD daily chart. Source: Cointelegraph\/<\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/x\/aWim3rM1\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>Technical charts currently show XRP (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">XRP<\/a>) trading within a falling wedge pattern. A &#8220;falling wedge&#8221; 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<p>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<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01968872-8222-7077-9bf6-0741a0d5c9e2\" title=\"\" alt=\"XRP traders predict new all-time highs as ETF approval odds rise to 85%\"><figcaption style=\"text-align: center;\"><em>XRP\/USD daily chart. Source: Cointelegraph\/<\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/www.tradingview.com\/x\/4WUvoKVQ\/\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>TradingView<\/em><\/a><\/figcaption><\/figure>\n<p>The <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">relative strength index<\/a> (RSI) is above the midline, indicating that the market conditions still favor the upside.<\/p>\n<p>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<p>Several analysts remain optimistic about the altcoin\u2019s ability to rebound to all-time highs, with popular trader Dark Defender <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/DefendDark\/status\/1916465853660287261\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">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<p>Fellow trader Allincrypto <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/RealAllinCrypto\/status\/1917527646746915281\" rel=\"nofollow noopener\" target=\"_blank\" text=\"null\" title=\"https:\/\/x.com\/RealAllinCrypto\/status\/1917527646746915281\">believes<\/a> XRP is \u201cheading to $19.27\u201d based on a breakout from a falling wedge pattern.<\/p>\n<blockquote><p>\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><\/blockquote>\n<p><em><strong>Related: <\/strong><\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/what-are-xrp-futures-and-how-to-invest-in-them\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em><strong>What are XRP futures and how to invest in them?<\/strong><\/em><\/a><\/p>\n<h2>Approval odds for an XRP ETF approval in 2025 rise<\/h2>\n<p>Bloomberg senior ETF analysts <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/EricBalchunas\/status\/1917444433282490606\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">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 <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/paul-atkins-sworn-in-sec-chair\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">change in leadership<\/a> at the US Securities and Exchange Commission (SEC).<\/p>\n<p>This is a significant improvement from their prediction over two months ago that <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-price-analyst-8-etf-approval-speculation-intensifies\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">set the chances<\/a> of an XRP approval in 2025 at 65%.<\/p>\n<figure><img decoding=\"async\" alt=\"XRP traders predict new all-time highs as ETF approval odds rise to 85%\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01968879-6a22-75a2-9c32-4813ad3e9a6d\" title=\"\"><figcaption style=\"text-align: center;\"><em>Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/EricBalchunas\/status\/1917444433282490606\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\"><em>Eric Balchunas<\/em><\/a><\/figcaption><\/figure>\n<p>Similarly, the betting <a data-ct-non-breakable=\"null\" href=\"https:\/\/polymarket.com\/event\/ripple-etf-approved-in-2025?tid=1739542416703\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">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<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-04\/01968872-8d13-7edf-bfdb-b4194276a3bc\" title=\"\" alt=\"XRP traders predict new all-time highs as ETF approval odds rise to 85%\"><figcaption style=\"text-align: center;\"><em>XRP ETF approval odds on Polymarket. Source: Polymarket<\/em><\/figcaption><\/figure>\n<p>Meanwhile, on April 29, the SEC <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/sec-punts-decision-on-bitwise-xrp-doge-etfs\" rel=\"null\" target=\"null\" text=\"null\" title=\"null\">postponed its decision<\/a> on Franklin Templeton\u2019s spot XRP ETF, setting a new review deadline on June 17.<\/p>\n<p>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<p class=\"post-content__disclaimer\" type=\"\">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>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-24614","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24614"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/24614\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}