XRP ETF Approval Odds Surge, Fueling Bullish Momentum and Price Predictions
04.05.2025 11:23
XRP has risen nearly 5% in the past month as renewed optimism and ETF rumors drive demand. Open interest jumped from $3 billion to $4 billion, suggesting heightened trader engagement. Bloomberg ETF analyst Eric Balchunas reports odds of XRP ETF approval by the SEC have climbed to 85% in 2025, with seven major asset managers such as Grayscale, Canary, and Bitwise filing applications. Technical indicators show XRP is holding above key moving averages, turning the short-term outlook bullish with projected targets at $2.5 and potentially $3.2 after a breakout. The overall sentiment has improved significantly, as measured by the Fear and Greed Index. Separate from XRP, 'MIND of Pepe' (MIND), an AI-driven meme token, is drawing attention in presale with claims of leveraging social media influence to deliver returns and launch additional meme coins.
Surged ETF approval odds and increased trading interest create strong bullish momentum in both short and potential long terms. Prior ETF approvals have yielded significant upside.
Positive presale buzz and innovative AI/social features may drive early trading demand, but speculative hype-driven rise could be volatile post-launch.