The race for crypto ETF approvals is heating up, and XRP is now firmly in the spotlight. Alongside Litecoin (LTC), Dogecoin (DOGE), and Solana (SOL), Ripple’s XRP is among the top cryptocurrencies analysts believe could receive the green light from the U.S. Securities and Exchange Commission (SEC) this year.
Analysts Predict XRP ETF Approval Odds
On Monday, Bloomberg analysts Eric Balchunas and James Seyffart sparked excitement in the crypto community with their analysis of potential ETF approvals. In their social media post, they gave XRP ETFs a 65% chance of receiving approval, putting them behind Litecoin and Dogecoin but ahead of most other tokens.
The SEC’s recent acknowledgment of Litecoin and Solana ETF filings has further fueled optimism. However, XRP ETF filings still await recognition from the regulatory body. Asset managers such as Canary, Grayscale, 21 Shares, and Bitwise are betting big on XRP, having already submitted applications for spot ETFs.
Ripple’s Legal Victory Paves the Way
Ripple’s battle with the SEC was a significant roadblock for XRP ETF progress. But the August 2024 ruling by Judge Analisa Torres marked a turning point. The court ruled that XRP sales to retail investors do not qualify as securities, greatly improving XRP’s regulatory standing. Ripple was fined $125 million for institutional sales, far less than the $2 billion penalty the SEC initially sought.
Since the ruling, institutional interest in XRP has surged. Global XRP investment products saw $21 million in net inflows last week, according to CoinShares data, signaling growing confidence in the asset.
Litecoin and Dogecoin Lead the Pack
Among the four cryptocurrencies highlighted by analysts, Litecoin ETFs have the highest approval odds at 90%. Dogecoin follows closely behind with 75%, benefiting from its similarities to Bitcoin. Solana and XRP round out the list with 70% and 65% approval chances, respectively.
President Donald Trump’s administration has also created a favorable regulatory climate for crypto. Since taking office in January 2025, the administration has shown strong support for the industry, bolstering hopes for ETF approvals.
XRP’s Price Action: Key Levels to Watch
XRP’s price is holding steady within a critical range. It needs to maintain support at $2.33 and $1.96 to avoid further declines. A rally could push XRP toward the upper boundary of its broadening wedge at $2.72. However, resistance from moving averages may slow its momentum.
Should XRP breach these support levels, a bearish trend could take hold, dragging prices even lower. On the technical side, indicators like RSI and MACD are showing signs of recovery, suggesting a potential shift toward bullish territory.
The crypto community is eagerly awaiting the SEC’s verdict. If XRP secures ETF approval, it could mark a pivotal moment for the asset and the broader market. For now, all eyes remain on the regulator’s next move.
