- In a stunning twist of fate, a Bloomberg ETF expert has declared that the U.S. SEC has a 65% chance of giving a thumbs up to a spot XRP ETF. Who knew they were so generous? 🤔
- Meanwhile, Polymarket is feeling particularly optimistic, showing an 81% chance that the Ripple ETF will be approved in 2025. Mark your calendars, folks! 📅
As the market continues to resemble a rollercoaster ride designed by a madman, Ripple [XRP] holders are left scratching their heads amidst the dizzying price swings. It’s like watching a soap opera, but with more spreadsheets and fewer dramatic pauses.
What’s causing this chaos, you ask? Well, it’s a delightful cocktail of ongoing Ripple cases and the tantalizing prospect of a spot XRP Exchange-Traded Fund (ETF) in the good ol’ U.S. of A.
Spot XRP ETF and its latest update
In a week that can only be described as a bureaucratic bonanza, the Securities and Exchange Commission (SEC) has accepted three XRP ETF submissions. It’s like they’re handing out approvals like candy on Halloween!
On February 13th, the SEC took a gander at Grayscale’s XRP ETF application, followed by 21Shares’ proposal on the 14th. Talk about a busy week! And just when you thought it couldn’t get any better, on the 18th, Bitwise’s application for an XRP ETF on the Cboe BZX Exchange was also recognized. It’s a veritable buffet of ETF applications!
And let’s not forget Donald Trump’s newfound love for crypto, which has experts buzzing with excitement. They believe traditional investors might soon dive into XRP through an ETF, potentially sending its price soaring. Who knew politics could be so profitable? 💰
Recently, Bloomberg’s James Seyffart predicted a 65% chance of the SEC giving the green light to a spot XRP ETF. And Polymarket data shows an 81% chance of XRP ETF approval in 2025. It’s like a game show, but with real money at stake!
XRP price and $6.32 million exchange outflow
Despite all this ETF excitement, Ripple’s price is playing hard to get, hovering around $2.66 after a 0.80% drop in the last 24 hours. It’s like that friend who always shows up late to the party.
These continuous price fluctuations have piqued investor interest, who are convinced it’s the perfect time to buy. This explains the ongoing outflow of tokens from exchanges since February 2025, as reported by Coinglass. It’s like a game of musical chairs, but with digital currency!
Investors, experts, and industry titans are convinced that XRP is on the brink of a significant upswing, much like Bitcoin. Data on spot inflows and outflows reveal a steady stream of outflows from exchanges, with minimal inflows over the past month. It’s a one-way street, folks!
In the last 24 hours, exchanges have seen an outflow of $6.32 million worth of XRP tokens, indicating potential accumulation. This could create buying pressure and drive upside momentum. It’s like a pressure cooker ready to blow! 💥
Technical analysis and upcoming level
Amidst all the ETF speculation, a crypto expert recently tweeted that XRP’s daily chart looks like one of the best among the top ten cryptocurrencies. It’s like being the star of the class, but in the world of crypto!
The expert noted that the price is poised for massive upside momentum. If only we could all be so optimistic!
One particularly bullish expert predicts that the altcoin could hit $6 this month. If the lawsuit is dismissed, the price could surge rapidly, leaving many to wonder why they didn’t buy in sooner. It’s the classic “I should have bought the dip” scenario!
Additionally, AMBCrypto’s analysis suggests that XRP’s
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2025-02-21 19:07