- Bloomberg ETF expert recently predicted that the U.S. SEC has a 65% chance of approving a spot XRP ETF.
- Polymarket showed an 81% chance that the Ripple ETF will be approved in 2025.
In the ongoing market uncertainty, Ripple [XRP] holders seem to be confused due to significant price fluctuations in recent days.
The potential reasons for this are the ongoing Ripple cases and the potential approval of a spot XRP Exchange-Traded Fund (ETF) in the United States.
Spot XRP ETF and its latest update
The Securities and Exchange Commission (SEC) has accepted three XRP ETF submissions within a week.
On the 13th of February, the SEC reviewed Grayscale’s XRP ETF application, which was followed by 21Shares’ proposal on the 14th of February.
The most recent addition occurred on the 18th of February when the SEC recognized Bitwise’s application to establish an XRP ETF on the Cboe BZX Exchange.
Also, Donald Trump’s pro-crypto stance has experts bullish on Ripple. They think traditional investors might soon invest in XRP through an ETF, boosting its price.
Recently, Bloomberg’s James Seyffart predicts a 65% chance of the SEC approving a spot XRP ETF. And, Polymarket data shows an 81% chance of XRP ETF approval in 2025.
Source: Polymarket
XRP price and $6.32 million exchange outflow
Despite recent developments, Ripple’s price remains unaffected, trading near $2.66, at press time, after a 0.80% drop in the past 24 hours.
Continuous fluctuations in Ripple’s price have attracted investor interest, believing it is in an ideal buying range. This explains the ongoing outflow of the tokens from exchanges since February 2025, as reported by Coinglass.
Investors, experts, and industry giants believe XRP will experience significant upside momentum, similar to Bitcoin.
Data on spot inflows and outflows reveal continuous outflows from exchanges, with minimal inflows over the past month.
In the past 24 hours, exchanges have seen an outflow of $6.32 million worth of XRP tokens, indicating potential accumulation. This could create buying pressure and drive upside momentum.
Technical analysis and upcoming level
Besides the ETF speculation, a crypto expert recently posted on X (formerly Twitter) that XRP’s daily chart looks like one of the best among the top ten cryptocurrencies.
The expert noted that the price is poised for massive upside momentum.
Source: X
An expert with a bullish outlook predicts that the altcoin could hit $6 this month. If the lawsuit is dismissed, the price could surge rapidly, making people regret not buying earlier.
Additionally, AMBCrypto’s analysis also suggests that XRP’s four-hour chart has formed an ascending triangle pattern and is on the verge of a breakout.
Based on recent price action and historical trends, if XRP breaks out of this pattern and closes a four-hour candle above $2.85, there is a strong possibility it could surge by 30%.
This would allow the coin to reach its all-time high of $3.40 or even higher.
Source: TradingView
Ripple’s technical indicator, the Average Directional Index (ADX), at press time, stood at 22, indicating weak upside momentum. This could be why XRP has failed to break out of the pattern.
Considering all these factors, Ripple’s price could surge past its all-time high once the U.S. SEC approves the spot XRP ETF.
The ongoing accumulation of billions worth of Ripple amid market uncertainty is expected to further support this bullish outlook.
text to make it simpler:
Rewrite the text to make it easier to understand.