Analysts at Bloomberg have raised the likelihood of an XRP spot ETF approval to an impressive 95%, sparking fresh discussions about potential institutional investments and a shift in the cryptocurrency landscape.
Key Insights:
The new projection from Bloomberg’s ETF specialists, James Seyffart and Eric Balchunas, highlights a significant increase in engagement from the U.S. Securities and Exchange Commission (SEC) regarding various crypto ETF applications.
Meanwhile, major players in the financial sector, including Grayscale and Franklin Templeton, have shown their support for the XRP ETF initiative.
Delays in the approval process could jeopardize the United States’ competitive edge in the burgeoning crypto market.
Seyffart’s comments on X underscore the “very positive sign” of heightened SEC activity as significant asset managers push their applications forward.
XRP in the ETF Review Spotlight Alongside Others
XRP joins other leading digital currencies such as Solana, Litecoin, Dogecoin, Cardano, and Polkadot in undergoing scrutiny for ETF approvals.
The SEC has validated XRP’s 19b-4 filings, with a final verdict anticipated by October 17, 2025.
While Seyffart expressed optimism regarding approval, he also acknowledged the uncertain timeline, suggesting discussions could arise in the near future or extend until October or beyond.
Firms like Grayscale, Bitwise, Franklin Templeton, and 21Shares are among those backing the XRP ETF applications, indicating robust institutional backing.
Along with Solana and Litecoin, XRP stands out with the highest projected probability of approval, while other names like Cardano, Dogecoin, and Polkadot hover around 90% odds.
This outlook aligns with a broader trend suggesting that the SEC is becoming more inclined to classify many of these assets as commodities, potentially smoothing their transition to regulated financial products.
Nevertheless, the sluggish pace of decision-making has raised alarms. Market experts caution that prolonged delays could undermine the competitive standing of the U.S. in digital asset innovation.
NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y
— James Seyffart (@JSeyff) June 20, 2025
Industry supporters argue that faster approvals, especially for significant assets like XRP, would meet growing investor interest and help clarify regulatory frameworks.
On June 11, VivoPower, a publicly traded entity, revealed its collaboration with the Flare blockchain to earn yield from its XRP holdings.
This partnership may signify that institutional investors are exploring ways to utilize their crypto assets without the need for liquidation.
In a notable move earlier in May, VivoPower allocated $121 million to XRP, establishing itself as the world’s first company with an XRP-focused treasury.
Market Trends Indicate Price Compression for XRP
As of June 23, XRP sits at approximately $2.015, exhibiting signs of price compression following a decline from recent highs exceeding $2.30.
The Bollinger Bands on both daily and 30-minute charts are narrowing, suggesting diminished volatility and a potential setup for a breakout.
On the daily chart, the Relative Strength Index (RSI) is at 43.68, reflecting modest bearish momentum, though it has not yet reached oversold territory.
The MACD indicator is just below the signal line, with negative histogram bars indicating that sellers maintain control. Prices have dipped below both the middle Bollinger Band and the 20-day simple moving average, which may act as resistance levels around $2.03 and $2.11.
On the 30-minute chart, the RSI has bounced back to 52.19, accompanied by a bullish MACD crossover that suggests short-term strength. Support has been identified near $1.996, and a slight recovery is evident.
On the 1-minute chart, momentum is mixed, with RSI near 41.74 and the MACD showing signs of stabilization after a brief bullish attempt.
Should XRP maintain its position above the psychological $2.00 barrier, a retest of the $2.03 resistance could be forthcoming. Conversely, a drop below $1.996 may expose lower support levels near $1.93.
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