- XRP gains momentum as ETF approval odds climb to 84%.
- Technical analysis shows XRP consolidating below $3, with key resistance at $2.80 and support at $2.50.
XRP has posted notable gains in recent weeks; the precise surge is largely driven by the renewed market interest, improved regulatory clarity, and the growing speculation around a potential exchange-traded fund (ETF).
The token’s bullish movement came at a time with the rising optimism in prediction markets, with the odds of a spot XRP ETF approval having surged to 84%. While no official filing has been confirmed, the increase in sentiment is a sign of general investor expectations that a U.S.-listed XRP ETF could unlock high institutional inflows.
A key catalyst behind the surge has been the conclusion of Ripple’s legal battle with the U.S. Securities and Exchange Commission, as previously reported by ETHNews. The SEC dropped its remaining claims against Ripple in March, effectively resolving a four-year lawsuit that had left uncertainty over XRP’s regulatory status. With the lawsuit behind it, Ripple has regained investor confidence, clearing the way for higher institutional engagement.
Speculation about the possibility of an XRP ETF being listed by major financial institutions like BlackRock and Bitwise has also been driving excitement. If these ETF filings are approved, XRP could see a lot of capital inflow, with estimates implying as much as $8 billion entering the market within just the first year.
Technical Setup Shows Key Support and Resistance Levels
From a technical perspective, XRP faces a key resistance barrier around the $3 mark. Having briefly crossed this threshold in January 2025, XRP pulled back, retreating to find support around the $2.50 level.
This consolidation is a sign that while the market is bullish, it is struggling to maintain its momentum. If XRP crosses its short-term resistance levels, namely the $2.70–$2.80 range, it could make another attempt at the $3 level and beyond.
But a failure to sustain the $2.50 level could mean a more profound retracement, perhaps testing lower levels of support at $2.00 or even $1.60. The current price structure suggests a period of consolidation, with traders closely watching for directional cues tied to general crypto market trends and regulatory developments.
While volatility remains a factor, the combination of improved legal standing, ETF-related speculation, and strong investor interest positions XRP as one of the more closely watched large-cap digital assets heading into Q2 2025.