Bloomberg analysts estimate a 65% chance of XRP ETF approval, with Solana and Dogecoin having higher odds at 70% and 75%.
Ripple’s ongoing legal dispute with the SEC remains a major obstacle to ETF approval, delaying potential regulatory clarity.
XRP price is struggling to break the $2.50 resistance level, with potential movement toward $2.90 or a drop to $1.90.
The crypto-friendly stance of has increased the possibility of XRP exchange-traded fund (ETF) approval. Despite the high hopes brought by the new administration, ’s ongoing legal battle with the could obstruct its ETF approval.
Bloomberg analysts James Seyffart and Eric Balchunas say there is a 65% chance of an XRP ETF being approved in 2025. Solana and Dogecoin have better chances at 70% and 75%, while Litecoin is the most likely with a 90% chance. Seyffart also said that an XRP ETF probably won’t be approved until Ripple’s legal fight with the SEC is fully settled. They :
“It’s our view. That until that WHOLE mess of litigation between Ripple/XRP and the SEC is settled and/or finished or has some sort of expected outcome etc etc – you likely won’t see an ETF. The SEC needs to untangle that mess.”
“It’s our view. That until that WHOLE mess of litigation between Ripple/XRP and the SEC is settled and/or finished or has some sort of expected outcome etc etc – you likely won’t see an ETF. The SEC needs to untangle that mess.”
Some of the top firms that have applied for an XRP ETF include Grayscale, WisdomTree, Bitwise, Canary, and 21Shares. Seyffart suggested that the SEC may acknowledge 19b-4 filings for both XRP and Dogecoin later this week. Additionally, the SEC’s crypto-focused working group, led by Commissioner Hester Peirce, may provide clearer classification guidelines for digital assets by the end of 2025, which could make ETF approvals easier.
Pro-lawyer Jeremy Hogan also acknowledges that Ripple’s legal battle will need to be settled before ETF approval. He that while approval can happen quickly, the S-1 filing still needs to be cleared, which could extend the entire process to around 8-12 months.
Nasdaq sent two requests to the SEC to get permission to list and trade shares of CoinShares’ planned XRP and Litecoin ETFs. These ETFs would let investors invest in XRP without actually owning it, by following its price with secure storage and daily value updates. If approved, the strong interest in an XRP ETF could help the token reach a new level.
XRP Price Struggles to Break Resistance as ETF Speculation Grows
The price of XRP has increased by more than 2% in the last 24 hours. However, its trading volume has dropped by more than 19% within the same period. The token has been trading within the range of $2.25 and $2.50 for the past week, with no clear bullish or bearish signals.
However, one thing is clear: XRP price has been bouncing off the support at around $2 since December, following its last 400% rally. If the support continues to hold, we could expect further consolidation or bullish trends in a few days. On the other hand, a break below this support will be seen as a bearish signal that could lead to lower prices.
The relative strength index is at 40, showing that the price is getting closer to the oversold position. It is also a sign that the bears could be in control of the market to some extent.
To add to this slightly bullish outlook, the MACD histogram is also bearish. However, the selling momentum seems to be dropping as each passing day sees the histogram length getting shorter since six days ago.
If the SEC approves an XRP ETF, it could help the XRP price spike higher and create more positive sentiment that could support its continued rise. The XRP community and the broader crypto industry will be watching with keen interest to see if the SEC’s regulatory stance will favor the crypto sector this time and approve ETFs for XRP and other altcoins.