Can ETFS increase the crack of 1,500%?

Bitwaiz Chief Investment Officer Matt Hogan recently discussed the challenges and progress of the XRP ETF applications. He said that while the previous filing has seen and stopped stopping, some firms have withdrawn their applications, the fact that many issues are now refilling, it suggests that SEC at least to consider these ETFs to consider these ETFs. Is open for.

Hogan is cautious from cautious, stating that approval may take time, SEC is becoming more keen on these products to engage in discussion about these products.

He also highlighted a significant difference between XRP and other commodity-based ETFs such as bitcoins and gold-units and regulated futures markets before approved their ETFs, while XRP does not.

Although a futures market is not mandatory for XRP ETF, it will play an important role in the approval process.

This makes these filing particularly striking which is a legal battle between Ripple and SEC. In December 2020, SEC sued Ripple, arguing that XRP was sold as an unregistered security.

Ripple won a partial victory in August 2023 when a federal judge ruled that there is no XRP security for doing business in secondary markets. However, regulator uncertainty still persists, compared to the ETF approval process for XRP than bitcoin (BTC) or atherium ETF.

Nat Garacy, president of the ETF store, indicated the irony – while SEC lives in litigation with Ripple, reviewing an ETF simultaneously that will hold the XRP. Graysi also called it a “huge message”, suggesting that the SEC’s stance on XRP could move.

Connecting to the increasing discussion, Bloomberg ETF analysts James Safart and Eric Balchunus have estimated 65% probability of XRP ETF approval by the end of 2025.

XRP’s Make-or-Breck Moment Loom

XRP is at a make-or-break moment, reaching a resistance level that has defined its fate over the years.

In the last two months, XRP has tested $ 3.15 to $ 3.50 range, a region that continuously determines whether XRP breaks down in a major rally or gets stuck in consolidation.

On 16 January, XRP reached a high level of multi-year of $ 3.39, but the attempt to push to a higher level finally failed. Then, on 3 February, XRP dropped 43% to $ 1.94 as the global market was shaken by Trump’s tariff hazards, leading to a widespread sale that led to the worst decline in crypto history.

Despite the chaos, the rebound has been rebound since XRP and once again near the same resistance level, establishing the platform for another possible breakout.

Beyond short -term instability, something else is even more important. The XRP is close to the completion of a rounding bottom pattern from 2018, which is a structure, which has taken about seven years to develop.

If the XRP reaches high $ 3.89 of all its time, the pattern will be officially completed, indicating the end of a longer the storage phase. At that point, the XRP will enter the price search, which means no historical resistance to hold it back.

Now the question is what will be the final push. The broad market situation is not yet fully helpful, as bitcoin has not hit a new all-time high, and the liquidity is focused in a few assets.

One of the largest potential catalysts is ETF approval. If the SEC greenlites an XRP ETF, institutional demand may increase, which can driving in the previous resistance prices with a sheer volume.

Another major factor may be of strategic adoption – if the XRP is included in the financial system reserve or a major institutional use case is obtained, the increase in demand may take it to the unwanted area.

The third wildcard SEC is the case appeal. If the appeal is rejected, legal clarity can trigger the wave of buying alone.

Now, everyone’s eyes are on whether XRP may push at the end or if history will once again repeat itself. The next attempt to clean $ 3.50 can prove to be the most important in its history.

XRP Price Prediction: Can history repeat itself?

The 2017 bull run of the XRP remains a major reference point, with several indicators suggest that the XRP is now reflecting the setup that led to its emergency increase.

One of the Bullish arguments comes from the igrag crypto, which points to the Bull Market Support Band (BMSB), a technical indicator that is used to determine whether any property is in a fast or recession phase or No.

“Currently, we are stationed above the BMSB,” he explains that he predicted that XRP would hug again at this stage, even when the price was $ 3.40. A successful recovery of this support may indicate that the market is collecting strength for the next step.

Egrag draws similarities for 2017 when XRP followed almost the same pattern. He notes that then, XRP hit the BMSB nearly, which was a prior to an increase of 1,500% in just four weeks, targeting the FIB 1.618 level.

The level of fibonacci is widely used in technical analysis to predict price movements, and in 2017, XRP’s breakout followed this exact pattern. If history repeats itself, Egrag suggests growing 1,500%.

Javon Marks takes it forward, explaining how XRP’s recent price action has shown its 2017 breakout. Prices recently tested all -time high as resistance, as they did before it increased beyond it in 2017. Marx’s new second target is at $ 99, increased by 3,900% from current levels.

Beyond Fibonacci extension, Elliot Wave Theory also points to significant ability to XRP. The dark defender is tracking the wave structure of XRP from July 2023, when the price was about 40 to 50 cents.

According to his analysis, XRP is currently in Wave 4 of the Intermediate Chakra, with a target of Wave 5.5.85. Their primary cycle waves, which track long -term movements, suggest a major reverse target of $ 18.22.

“I have used the same structure since July 2023, and we are following it as a northern star,” the dark defender, the XRP has consistently respected this pattern. If its wave is counted, XRP may be on the verge of completing a major cycle.

However, large breakouts are not in separation. The XRP still faces its largest resistance area between $ 3.15 and $ 3.50, which requires a major catalyst to break.

For traders wishing to take advantage of this setup, risk management is important. Keeping a stop-loss order can help reduce losses in case of rejection, and it is important to avoid over-levering, as sudden pulbacks can cause liquidation.

However, there is no guarantee in the Crypto market. The same indicators that suggest explosives reverse capacity may also fail to change in market conditions. Do business wisely, manage risks, and invest more anytime as you can lose.