XRP News Today: Regulators Hold the Key to XRP’s $5 Breakout and ETF Frenzy

XRP ETF market speculation has intensified as the U.S. Securities and Exchange Commission (SEC) approaches its decision deadline on multiple exchange-traded fund (ETF) applications involving XRP, a digital token associated with the Ripple network. Analysts are forecasting substantial inflows into XRP ETFs upon approval, with Nate Geraci, president of the ETF Store, emphasizing the underappreciated demand for such products. According to recent market sentiment, the probability of an XRP ETF approval stands at 87% as of Polymarket data, reflecting growing confidence among market participants. This optimism is further supported by a 95% approval probability estimated by Bloomberg’s senior ETF analyst Eric Balchunas, citing increased regulatory clarity and leadership changes at the SEC [1].

The potential scale of demand is substantial, with JPMorgan analysts previously forecasting up to $8 billion in inflows to XRP ETFs within the first year of trading. Canary Capital CEO Steve McClurg has added to the bullish narrative, predicting up to $5 billion in inflows in the first month. Such figures highlight the potential magnitude of investor interest, particularly when compared to Bitcoin ETFs, which saw $2 billion in inflows within just three trading days. The recent activity of XRP whales also reinforces the bullish sentiment, as over 350 million XRP coins—worth $984 million—have been purchased in the past two weeks, reversing a previous trend of massive profit-taking [1].

Market analysts have also identified technical indicators suggesting a potential price rebound for XRP. A bull flag pattern on the daily chart indicates a possible price target of $5 if key resistance levels are overcome. This pattern, typically associated with strong bullish momentum following a breakout, would represent a 77% increase from XRP’s current price of around $2.81. Analysts emphasize that bulls must first break above the 50-day simple moving average (SMA) at $3.08, with further resistance expected at $3.40 and the multi-year high of $3.66. A daily candlestick close above $3 would confirm the breakout and open the path toward the $5 target [2].

Institutional interest in XRP ETFs could further amplify demand for the token. The recent launch of a leveraged XRP ETF by Teucrium, a traditionally agro-focused ETF issuer, has already attracted $353 million in net assets, outpacing the combined performance of its traditional agro-based ETFs. This trend suggests that once the SEC approves a spot XRP ETF, institutional capital may flow into the market, potentially driving the price significantly higher. Some analysts have speculated that, with the participation of major players like BlackRock, XRP prices could reach $10 to $20, with more aggressive projections suggesting a target of $50 [1].

The broader regulatory landscape has also shifted in favor of XRP ETFs. Ripple’s legal victory in 2024, which clarified XRP’s non-security status, has paved the way for ETF applications. Approximately 11 proposals are currently under review by the SEC, with key decision dates scheduled between October 18 and November 14. The outcome of these reviews could determine the next phase of XRP’s price trajectory and broader market adoption. As the market awaits the SEC’s decision, XRP remains underpinned by both speculative and fundamental factors that could drive substantial returns for investors [2].

Source:

[1] XRP ETF approval seen to unlock $5bn bonanza, but 'people ... (https://finance.yahoo.com/news/xrp-etf-approval-seen-unlock-121250497.html)

[2] Classic XRP price chart pattern targets $5 as spot ETF ... (https://cointelegraph.com/news/classic-xrp-price-chart-pattern-5-spot-etf-reality-draws-closer)