XRP news today: XRP Surges 4% on Rising US Spot ETF Approval Odds

XRP has seen a 4% increase in the last 24 hours, driven by growing investor optimism surrounding the rising odds of a US XRP Spot ETF approval. This surge in sentiment is accompanied by improving technical signals, with the Relative Strength Index (RSI) recovering to neutral territory and price action holding just above the Ichimoku Cloud.

Despite remaining range-bound, XRP's bullish Exponential Moving Averages (EMAs) structure and stable support suggest a cautiously optimistic market. The coming days are crucial, as a breakout above resistance could align with the growing ETF narrative, potentially driving further upside.

XRP’s RSI has rebounded significantly, climbing from 36.51 to 50.40, after previously reaching an overbought peak of 70.95. This shift reflects a cooling off in selling pressure following a sharp dip, placing XRP in a more neutral technical zone. While the RSI hasn’t fully recovered to bullish territory, the move back above 50 often signals a potential shift in momentum, especially if it continues trending higher in the coming sessions.

The RSI is a momentum oscillator that measures the speed and change of price movements on a scale of 0 to 100. Readings above 70 typically indicate that an asset is overbought and may be due for a correction, while readings below 30 suggest oversold conditions and potential for a rebound. With XRP’s RSI now at 50.40, the asset is neither overheated nor undervalued, suggesting market indecision. However, maintaining this level or pushing higher could support a short-term bullish case, particularly if paired with strong volume or a breakout above nearby resistance.

The Ichimoku Cloud chart shows XRP trading just above the cloud, a zone that often acts as dynamic support in bullish setups. The current position suggests weak bullish momentum. However, the cloud ahead has turned from green to red, signaling potential resistance and a weakening trend outlook. The Tenkan-sen (blue line) and Kijun-sen (red line) are close together and mostly flat, reflecting short-term uncertainty, even as the price stays slightly elevated. The Chikou Span (green lagging line) is still hovering near past price action, offering no strong confirmation of bullish continuation. The shift to a red cloud ahead introduces caution, as it may represent an upcoming battle between bulls trying to hold above support and bears eyeing a reversal. A decisive move away from the cloud—either upward or back into it—will likely determine XRP’s next trend direction.

XRP’s Exponential Moving Averages (EMAs) remain bullish, with shorter-term lines still above the longer-term ones, signaling upward momentum. This comes as XRP spot ETF approval odds rise to 85% for 2025. However, price action is stuck between a $2.30 resistance and a $2.15 support. It’s a tight range where either side could take control. If the $2.15 support is tested again and breaks, XRP could fall toward $2.03 and possibly $1.90, putting the bullish structure under pressure. Conversely, a successful breakout above the $2.30 resistance could trigger a new leg upward, especially if followed by a move past $2.36. In that case, XRP price would likely target $2.50 and potentially $2.64 as the next resistance zones. As long as the EMAs maintain their current structure, bulls retain the technical edge. However, a decisive move beyond the current range is needed to confirm the next directional trend.

According to the analyst's forecast, the approval odds of a US XRP Spot ETF have reached 85% for 2025. This forecast has contributed to the growing optimism among investors, which in turn has driven the recent price increase of XRP. The technical indicators, such as the RSI and Ichimoku Cloud, also support this bullish sentiment, suggesting that XRP may continue to gain momentum in the coming days. However, it is important to note that the market is still range-bound, and a decisive move beyond the current resistance and support levels is needed to confirm the next directional trend. Investors should remain cautious and conduct their own research before making any financial decisions.