Ripple Price Prediction As SEC Approves First XRP ETF
The post Ripple Price Prediction As SEC Approves First XRP ETF appeared first on Coinpedia Fintech News
Big news for the crypto world. The U.S. Securities and Exchange Commission (SEC) has officially approved a new ETF (Exchange-Traded Fund) by Grayscale that includes some of the biggest cryptocurrencies: Bitcoin, Ethereum, Solana, Cardano, and XRP.
This new product is set to become the largest multi-token digital asset ETF in the world. This is a major step forward and could soon open doors for individual spot ETFs for XRP, Solana, and Cardano. Spot ETFs directly track the real-time price of a cryptocurrency, and their approval is considered a huge deal for any coin.
Why This Matters for XRP Price
Since the ETF approval news, XRP’s price has shown some action. On the charts, XRP recently broke above a key resistance level between $2.19 to $2.20, but is now trying to hold above this range to confirm new support.
If XRP can stay above this level, it may aim for the next resistance at $2.25, with a possible wick towards $2.32 to $2.35, an area where strong resistance is expected. If it fails to hold above $2.19, however, the price might drop back to around $2.10 to $2.05. At the moment, XRP’s price trend looks neutral, moving sideways without strong momentum.
What The Experts Are Saying?
Analyst Casi Trades said, “After reaching $2.30 resistance, price wasn’t able to hold the $2.25 support level. Instead, it’s now pulling back to retest the top of the consolidation, ~$2.18 to $2.16. This isn’t a breakdown (yet), but this test matters.”
If the price manages to stay above this zone and reclaim $2.25, it could spark a rally toward $2.69 and higher. Early signs of seller weakness are already showing on smaller timeframes, showing this pullback might be temporary. However, if $2.16 breaks, the price risks dropping to the next support around $1.90.