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

Morning Report | Robinhood completes acquisition of WonderFi for $180 million; Anthropic submits IPO draft application to SEC confidentially; Google plans to raise $80 billion in financing

Overview of Important Market Events on June 2nd

Morning Report | Strategy sold 32 BTC and over 800,000 shares of MSTR last week; Binance officially announced its U.S. stock trading portal; Polymarket reached an exclusive partnership with OneFootball

Overview of Important Market Events on June 1st

Zhou Hang: How much is SpaceX really worth?

Great companies do not equal good stocks: A deep analysis of why SpaceX's $1.75 trillion IPO valuation may contain a $1.25 trillion bubble, and retail investors should avoid blindly chasing "story premiums."

IOSG: From Coinbase to Upbit: How a Token Completes a 28-Day Journey of Taking Over

The IOSG report indicates that by 2026, the listing of tokens on first-tier exchanges has formed a highly structured path where Coinbase and ByBit are responsible for initial discovery, Binance quickly verifies and confirms, and Korean exchanges provide liquidity at the end.

Exclusive Interview with Alpaca CEO: What is the background of the US stock underlying service provider behind Binance and Bitget?

Binance and Bitget's underlying service provider in the US stock market, Alpaca, has entered the unicorn club with its "AWS of Finance" model, currently holding 94% of the tokenized US stock market share and is accelerating the transformation of global on-chain financial infrastructure.

Variant: Three types of L1 assets are highly likely to become the main means of value storage

The basic judgment factors include: technical durability, resistance to censorship, scarcity, economic productivity, etc.

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