XRP ETF Approval Odds Surge, Fueling Bullish Momentum and Price Predictions

May 4, 2025, 11:23 a.m. 2 sources positive
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.
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