The Headline
High XRP ETF approval odds spark profit-taking and price risk
Key Facts
- Bloomberg analysts Eric Balchunas and James Seyffart have raised their confidence to 90% that spot XRP, Dogecoin, and Cardano ETFs will be approved this year.1
- Analysts assign a 98% chance that an XRP ETF will be approved this year.1
- XRP price rallied over 300%, with top investors realizing $68.8 million in profits daily on a 7-day average.1
- Holders of XRP from 3 to 6 months have shown a steady decline in SOPR (Spent Output Profit Ratio), indicating ongoing profit-taking.
- Continued selling from newer XRP holders risks a 35% price decline toward the $1.35 31.60 range.1
Given recent engagement with the U.S. Securities and Exchange Commission regarding applications for spot altcoin exchange-traded funds, Bloomberg analysts said Friday they are more confident than ever that the new financial products will be approved this year.
The Block
1
They are giving a 98% chance that an XRP ETF gets approved this year, and a 91% chance a SOL ETF gets the green light.
News
1
If selling from newer holders continues, XRP risks a 35% decline toward the $1.35–$1.60 range.
Cointelegraph
1
Key Stats at a Glance
ETF approval confidence
90%
1
XRP ETF approval chance
98%
1
Daily profits realized by XRP investors
$68M
Potential XRP price decline
35%
1
