{"id":28987,"date":"2025-05-28T12:02:21","date_gmt":"2025-05-28T12:02:21","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28987"},"modified":"2025-05-28T12:02:21","modified_gmt":"2025-05-28T12:02:21","slug":"xrp-price-set-for-48-jump-as-spot-etf-reality-draws-closer","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28987","title":{"rendered":"XRP price set for 48% jump as spot ETF reality draws closer"},"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_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5Mzc3NTItYmRhZi03MjUwLWI1ODItMTczNWJhMDgwMjEz.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_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjQtMTEvMDE5Mzc3NTItYmRhZi03MjUwLWI1ODItMTczNWJhMDgwMjEz.jpg\" alt=\"XRP price set for 48% jump as spot ETF reality draws closer\"><\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>XRP\u2019s falling wedge pattern signals a bullish reversal; 48% price surge potential.<\/p>\n<\/li>\n<li>\n<p>SEC\u2019s review of WisdomTree\u2019s XRP ETF could spark investor interest as approval odds jump to 84% on Polymarket.\u00a0<\/p>\n<\/li>\n<\/ul>\n<p>XRP price is forming a falling wedge pattern on the daily chart, a technical chart formation associated with strong bullish momentum following an upward breakout. Could this technical setup, coupled with the SEC\u2019s review of a spot XRP ETF application by WisdomTree, signal the start of a rally to $3.40 and higher?<\/p>\n<h2>XRP falling wedge pattern targets $3.40<\/h2>\n<p>From a technical perspective, XRP (<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/xrp-price-index\" title=\"null\">XRP<\/a>) price could gain significant momentum if it breaks out of this falling wedge pattern.<\/p>\n<p>In technical analysis, a falling wedge is a bullish reversal chart pattern that comprises two converging trend lines that connect lower highs and lower lows. This convergence indicates a weakening downward momentum.\u00a0<\/p>\n<p>XRP price is currently retesting the resistance provided by the upper trendline of the wedge at $2.42. A break above this level will likely trigger a quick rise in price, with the bulls targeting the technical target of the wedge at $3.40, a 48% increase from current prices.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0197169b-f004-7b70-b042-3054c9c8fc14\" title=\"\" alt=\"XRP price set for 48% jump as spot ETF reality draws closer\"><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\/YVFWj5lH\/\" 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\" title=\"null\">relative strength index<\/a> (RSI) has climbed to 47 from 31 on April 8, indicating that bullish momentum is building up.<\/p>\n<p>However, to sustain the ongoing recovery, XRP\u2019s price has to first hold the support at $2.20 and then overcome the resistance between $2.60 and $2.80.<\/p>\n<p>Several analysts are optimistic about a rebound higher, with pseudonymous trader Cryptowzrd <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/cryptoWZRD_\/status\/1927535511926866158\" title=\"null\">saying<\/a> that a validation of a falling wedge could see XRP break out toward $2.90.<\/p>\n<p>\u201c$XRP closed indecisively and is still maintaining a falling wedge formation,\u201d the trader <a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/cryptoWZRD_\/status\/1927535511926866158\" title=\"null\">wrote<\/a> in a May 28 post on X, adding:\u00a0<\/p>\n<blockquote data-ct-non-breakable=\"undefined\"><p>\u201cA breakout of this wedge will push markets toward the $2.80 resistance. Above that resistance, we will eventually get to a new all-time high.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0197169b-f519-7d33-9997-ef535506d078\" title=\"\" alt=\"XRP price set for 48% jump as spot ETF reality draws closer\"><figcaption style=\"text-align: center;\"><em>XRP\/USD daily chart. Source: <\/em><a data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/cryptoWZRD_\/status\/1927535511926866158\" title=\"null\"><em>Cryptowzrd<\/em><\/a><\/figcaption><\/figure>\n<p>As Cointelegraph <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/price-predictions-5-26-spx-dxy-btc-eth-xrp-bnb-sol-doge-ada-hype\" title=\"null\">reported<\/a>, XRP price must first break the key $2.48 resistance level to clear the path toward higher highs.<\/p>\n<h2>Spot XRP ETFs coming?<\/h2>\n<p>The US Securities and Exchange Commission (SEC) has officially started reviewing the <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/learn\/articles\/what-are-xrp-backed-securities\" title=\"null\">spot exchange-traded fund<\/a> (ETF) application by the WisdomTree XRP Trust, which would provide investors with exposure to XRP.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd25 NEW: The SEC is officially reviewing WisdomTree\u2019s proposed spot <a href=\"https:\/\/twitter.com\/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$XRP<\/a> ETF, and is now accepting public comments. <a href=\"https:\/\/t.co\/3B4UwJ6n4s\">pic.twitter.com\/3B4UwJ6n4s<\/a><\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1927657756988735693?ref_src=twsrc%5Etfw\">May 28, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The notice <a data-ct-non-breakable=\"null\" href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/cboebzx\/2025\/34-103124.pdf\" title=\"null\">published<\/a> by the SEC on May 27 initiates a 21-day public comment period and a 240-day review timeline, reflecting a structured evaluation of investor protection and market manipulation risks.\u00a0<\/p>\n<p>The product would track the price of XRP through the CME CF Ripple-Dollar Reference Rate, giving investors indirect exposure without needing to hold the asset directly.<\/p>\n<p>The betting odds for an XRP ETF approval by Dec. 31 now stand at 84% on <a href=\"https:\/\/polymarket.com\/event\/ripple-etf-approved-in-2025?tid=1739542416703\" rel=\"nofollow noopener\" target=\"_blank\" title=\"https:\/\/polymarket.com\/event\/ripple-etf-approved-in-2025?tid=1739542416703\">Polymarket<\/a>. Over the past month, the probability of approval has swung 21% in favor of the YES side, from around 63% on April 22.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/0197169b-f9d1-7b9a-b5b7-41bd52953550\" title=\"\" alt=\"XRP price set for 48% jump as spot ETF reality draws closer\"><figcaption style=\"text-align: center;\"><em>XRP ETF approval odds on Polymarket. Source: Polymarket<\/em><\/figcaption><\/figure>\n<p>Bloomberg senior ETF analysts <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-traders-predict-new-all-time-highs-as-etf-approval-odds-rise-to-85#:~:text=May%2001%2C%202025-,XRP%20traders%20predict%20new%20all-time%20highs%20as%20ETF%20approval,for%20the%20altcoin%20in%202025.&amp;text=Key%20takeaways%3A,following%20a%20SEC%20leadership%20change.\" title=\"null\">predicted<\/a> an 85% chance of spot XRP ETF approval after the <a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/paul-atkins-sworn-in-sec-chair\" title=\"null\">change in leadership<\/a> at the SEC.<\/p>\n<p>Approval of these funds could unlock institutional capital, amplifying demand for XRP and\u00a0<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-price-analyst-8-etf-approval-speculation-intensifies\" title=\"null\">potentially driving prices<\/a>\u00a0toward $3-$8. Some\u00a0<a data-ct-non-breakable=\"null\" href=\"https:\/\/cointelegraph.com\/news\/xrp-price-10-50-plausible-spot-etf-approved-chatgpt\" title=\"null\">analysts predict XRP price to go as high as $50<\/a>\u00a0if major players like BlackRock step in.<\/p>\n<p class=\"post-content__disclaimer\" data-ct-non-breakable=\"undefined\" 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\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"><\/template>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Key takeaways: XRP\u2019s falling wedge pattern signals a bullish reversal; 48% price surge potential. SEC\u2019s review of WisdomTree\u2019s XRP ETF could spark investor interest as approval odds jump to 84% on Polymarket.\u00a0 XRP price is forming a falling wedge pattern on the daily chart, a technical chart formation associated with strong bullish momentum following an [&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-28987","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\/28987","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=28987"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28987\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}