XRP Future Price Prediction: ETF Rumors Reignite 10x Bull Case – Here’s What Traders Expect

By: crypto news|2025/05/03 00:45:03
0
Share
copy
XRP (XRP) has gone up by nearly 5% in the past month as cryptocurrencies have made a strong comeback from their yearly lows.Traders’ interest in the token has been improving as open interest has surged from $3 billion to $4 billion – a 33% increase – in the past week.Meanwhile, the pseudonymous crypto analyst The Cryptonomist, whose X account is followed by nearly 138,000 users, shared an XRP price prediction that could result in a spike to the $2.5 level after the token retested a key trend line support.However, this forecast pales in comparison to the market’s expectation of what could happen to the price if (or maybe once) an XRP-linked exchange-traded fund (ETF) is approved by the U.S. Securities and Exchange Commission (SEC).Would love to hear directly from Atkins, but all good chance of happening. Here’s our latest odds of approval for all the dif spot ETFs via @JSeyff https://t.co/nLhYJJmO9U pic.twitter.com/4AcJVwhics— Eric Balchunas (@EricBalchunas) April 30, 2025Bloomberg’s ETF expert, Eric Balchunas, shared recently that the odds of approval have surged to 85% as of this year. Seven different asset management companies including Grayscale, Canary, and Bitwise have filed an application for an XRP-linked investment vehicle.XRP Could Rise to $3.2 After Bullish BreakoutLooking at the daily chart, XRP remains above its 200-day exponential moving average (EMA), meaning that its uptrend is intact despite the latest weakness that the crypto market has experienced.The price recently broke above the 21-day EMA as well with strong volumes, indicating that the token’s short-term outlook has now turned bullish.Based on the size of the price channel that XRP recently broke, this bullish breakout gives us a short-term target of $3.2 for the token, resulting in a 45.5% upside potential based on today’s prices. Market sentiment has improved significantly in the past couple of weeks as the Fear and Greed Index moved from a record low of 15 (Extreme Fear) to 52 (Neutral outlook). Moving forward, the 21-day and 200-day EMA are the key support levels to watch in the following weeks. Although it may take a while for XRP to 10X, the approval of an ETF will likely propel the price to a fresh all-time high, meaning that XRP could at least 2X from its current levels once these investment vehicles are approved.For those looking for more immediate upside, early-stage presales like MIND of Pepe (MIND) are gaining traction, with its AI agent token still available at a discounted presale price.MIND of Pepe (MIND) Presale Will End Soon – Don’t Miss OutMIND of Pepe (MIND) is an AI agent token that leverages the power of AI and the popularity of a viral meme (Pepe the Frog) to captivate large audiences across social media platforms like X.The agent is designed to gain influence by interacting with top social media accounts with an interest in the crypto market.From these conversations, MIND of Pepe will collect valuable insights and will identify potential opportunities that it will share exclusively with $MIND holders.In addition, as the agent increases its influence, it will be able to launch its own meme coins to capture nascent social trends. $MIND holders will get VIP access to the presale events of these new tokens to reap the highest returns once they are offered to the general public.To buy $MIND before its presale event ends, simply head to the MIND of Pepe website and connect your wallet (e.g. Best Wallet). You can either swap USDT or ETH or use a bank card to make your investment.The post XRP Future Price Prediction: ETF Rumors Reignite 10x Bull Case – Here’s What Traders Expect appeared first on Cryptonews.

-- Price

--

You may also like

The large models in the United States are moving towards closure in the name of security

The government successfully inserted itself as an approver between commercial AI models and their users for the first time.

Morning Report | CoinEx becomes a key hub for Iran to evade sanctions, involving over $3.8 billion in funds; Kalshi seeks a new round of financing, with a valuation potentially rising to $40 billion

Overview of Important Market Events on June 25

From the white-haired stock god to the billionaire fund mogul, the smart people shorting Nvidia are all getting rich using the same framework

Give up on heavily investing in Nvidia's "nine major bottlenecks"! This article analyzes the underlying logic behind top AI investors making billions: physical infrastructure such as electricity, HBM, and optical interconnects are the true keys to wealth in AI hardware.

Why do cryptocurrency projects always like to change their names?

In many cases, the old names of encryption projects have no competitive advantage, only historical baggage.

Global Launch: As predictions become the most scarce asset in the AI era, Manadia is defining the next generation of the value internet

The trusted AI prediction ecosystem Manadia, which has secured $7 million in funding from well-known institutions like OKX, will globally launch in June. The core token UMXM has already been listed on multiple mainstream platforms, inviting you to seize the new blue ocean of the trillion-level predi...

Who is footing the bill for the $64 billion accounting frenzy?

Affected by Bitcoin falling below $60,000, publicly listed companies heavily invested in this asset are facing huge paper losses and valuation discounts, and their debt structure and accounting standards may trigger structural liquidity risks in the future.

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com