XRP News Today: XRP ETF Approval Odds Rise to 95% as SEC Engages with Filings

XRP, along with other digital assets such as Solana, Litecoin, Dogecoin, Cardano, and Polkadot, is currently under review for potential ETF approval. The U.S. Securities and Exchange Commission (SEC) has acknowledged the 19b-4 filings for XRP, with a final decision expected by October 17, 2025.

Bloomberg analysts have significantly increased the odds of an XRP spot ETF approval to 95%, citing increased engagement from the SEC with multiple crypto ETF filings. This heightened interaction is seen as a positive sign, indicating that the regulatory body is moving forward with applications from major asset managers.

According to analysts James Seyffart and Eric Balchunas, the approval of an XRP ETF feels inevitable, although the timeline remains uncertain. It could be approved within the next few months or potentially delayed until October or later. Major firms such as Grayscale, Bitwise, Franklin Templeton, and 21Shares are backing XRP ETF applications, demonstrating strong institutional support.

XRP, along with Solana and Litecoin, is leading the field in projected approval probability, with other assets like Cardano, Dogecoin, and Polkadot assigned 90% odds. This outlook reflects a broader trend where the SEC appears increasingly willing to treat these assets as commodities, potentially easing their path to regulated products.

However, the slow pace of movement has raised concerns among industry observers. Delays in approval could erode the U.S.'s competitive position in digital asset innovation. Proponents argue that faster approvals, especially for high-profile assets like XRP, would address rising investor demand and solidify regulatory clarity.

Institutional players are also exploring ways to leverage their crypto assets without liquidating them. For instance, VivoPower, a publicly listed firm, announced a partnership with the Flare blockchain to generate yield from its XRP holdings. In May, VivoPower invested $121 million in XRP as a strategic reserve, making it the first company in the world with an XRP-focused treasury.

As of June 23, XRP is trading around $2.015, showing signs of price compression following a sharp drop from recent highs above $2.30. The Bollinger Bands across the daily and 30-minute charts are tightening, indicating reduced volatility and a potential breakout setup. On the 1-day chart, the Relative Strength Index (RSI) sits at 43.68, signaling mild bearish momentum but not yet oversold. The MACD remains slightly below the signal line with negative histogram bars, suggesting that sellers remain in control.

Price has dropped below both the middle Bollinger Band and the 20-day SMA, which may act as resistance near $2.03 and $2.11. Zooming into the 30-minute chart, RSI has bounced to 52.19 with a bullish MACD crossover, indicating short-term strength. Support was found near $1.996, and a mild recovery has followed. In the 1-minute chart, momentum is mixed, with RSI hovering near 41.74 and MACD flattening out after a brief bullish attempt.

If XRP holds above the $2.00 psychological level, a retest of $2.03 resistance is likely. A break below $1.996 could expose lower supports near $1.93.