XRP Price Jumps 4% as ETF Odds Dip to 65%—Triangle Breakout Eyes $3.32
XRP is back in the spotlight, up 4% in the last 24 hours to $3.08. The rally comes with a mixed bag of signals...
Quick overview
- XRP has risen 4% in the last 24 hours, reaching $3.08, amid mixed signals from the market.
- SEC Commissioner Caroline Crenshaw remains a vocal opponent of crypto-related exchange-traded products, impacting XRP ETF approval odds.
- Despite regulatory challenges, analysts see potential for XRP as it meets the SEC's trading requirements for ETF eligibility.
- A recent bullish chart breakout suggests a price target of $3.32, but traders remain cautious due to ongoing regulatory scrutiny.
XRP is back in the spotlight, up 4% in the last 24 hours to $3.08. The rally comes with a mixed bag of signals—technical optimism vs regulatory headwinds, particularly from SEC Commissioner Caroline Crenshaw.
Crenshaw is the only Democrat on the Commission and has become a vocal opponent of crypto-related exchange-traded products (ETPs). In the latest round of internal voting, 13 key filings passed with a 3–1 margin. Crenshaw voted against all of them, including updates for top ETFs like IBIT, GBTC, BITB, and Bitwise’s Ethereum and Bitcoin products.
Her rejection of in-kind redemptions for crypto ETFs, a standard mechanism used in commodity-based funds like gold, shows deeper resistance within the agency.
She’s also criticized SEC guidance on liquid staking—calling it “legally fragile”—and warned that some stablecoin narratives are borrowing from misleading marketing like the term “digital dollar”.
XRP ETF Odds Tumble, But Hope Remains
XRP ETF enthusiasm has cooled. On prediction markets like Polymarket, approval odds dropped to 65% after Crenshaw’s latest vote. Although they briefly bounced back to 71%, they are far from the 90%+ highs earlier this year.
The earlier optimism was driven by the July 18 listing of the ProShares Ultra XRP ETF (UXRP) on NYSE Arca which pushed ETF confidence to 86%. But Crenshaw’s unwavering stance adds weight to the regulatory uncertainty around altcoin-based ETPs.
Despite this, analysts like Bloomberg’s Eric Balchunas are still hopeful. XRP now meets the SEC’s 6-month derivatives trading requirement—an important milestone for listing eligibility under the new ETF framework.
And BlackRock. Their Director of Digital Assets, Maxwell Stein, is speaking at Ripple’s Swell 2025 event, fueling rumors of a BlackRock XRP ETF—even though no filing has been submitted yet.
XRP Triangle Breakout Signals $3.32 Price Target
While regulatory uncertainty remains, XRP’s chart is looking better. The symmetrical triangle that’s been forming since July has finally broken to the upside—a move that often means a change in market sentiment.
What makes this breakout significant:
- Bullish EMA crossover: 50-EMA ($3.016) above 100-EMA ($3.035)
- Price cleared resistance at $3.0137
- Bullish engulfing candle confirms breakout
- Next resistance: $3.1789 and $3.3275
Trade Setup:
- Entry: $3.05 on pullback
- Stop-loss: $2.89 (below trendline)
- Targets: $3.18 (partial), $3.32 (final)
Conclusion:
Between triangle breakouts and ETF speculation, XRP is once again walking the line between promise and pressure. Traders have a chart-backed reason to stay bullish—but they’ll be watching Crenshaw and the SEC just as closely as their price levels.
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