Seven XRP spot ETF applications from major asset managers, including Grayscale, Bitwise, and Franklin Templeton, could get approval next week. The only major setback is the US government shutdown.
Headwinds faded following a boost in sentiment after Bloomberg analysts Eric Balchunas and James Seyffart raised approval odds to 100%.
XRP price prediction implies at least $4 upside move and even $5 after ETFs approval and a breakout above the falling wedge pattern.
Seven XRP ETF Decisions Due from Next Week
As per latest XRP news reports, final US SEC decisions are due between October 17 and 25. These firms oversee more than $8 trillion in assets, and even modest institutional inflows could send XRP soaring.
An ETF approval could unlock $3 to $8 billion in institutional inflows, potentially doubling XRP’s market cap.
CoinShares’ crypto funds inflow data revealed massive inflows into XRP ahead of a potential ETF approval.
Seven spot XRP ETF decisions between October 18 and 25 could be the catalyst XRP needs.
Grayscale’s ETF has the earliest deadline on October 17, with applications from 21Shares, Bitwise, and Canary Capital following in close succession.
However, ETF experts assert that all spot XRP ETFs could get approval along with Grayscale on the same day, similar to spot Bitcoin ETF approvals by the SEC last year.
Market confidence is extremely high, with Polymarket data showing traders pricing in a 99% chance of approval.
That surge in confidence followed the SEC’s approval of the General Listing Guidelines for crypto ETFs.
XRP Price Prediction Amid Anticipation of Massive Inflows Into XRP ETF
XRP currently trades around $2.90, wavering after pulling back from its $3.66 all-time high. The $3 level became a critical battleground, with bulls defending support and bears capping upside.
The Ripple XRP price prediction for 2025 ranges from $5.05 by year-end to as high as $12.50 by 2028, according to Standard Chartered analyst Geoff Kendrick.
Other analysts also remain upbeat on XRP amid the growing institutional adoption.
Experts, such as Canary Capital’s Steve McCurve, estimated that $3 to $5 billion in first-year inflows into XRP ETF could be enough to double the Ripple coin’s market cap, edging the token toward the $5 mark.
On top of that, sustained inflows and technical chart breakouts could potentially even trigger a parabolic rally in XRP.
XRP News: The Potential of Hitting $5
XRP rally depends on ETF approval and whether bulls can reclaim $3 as support. If approvals arrive as expected between October 18 and 25, institutional inflows could drive XRP toward $3.30 to $3.60 in the near term.
The 24-hour low and high were $2.84 and $2.92, respectively. Furthermore, the trading volume has decreased by 30% in the last 24 hours, indicating a decline in interest among traders.
As The Coin Republic reported earlier, analyst Dark Defender pointed out falling wedge pattern formation in the daily timeframe, with the ABCDE pattern within the falling wedge nears completion for a breakout.
In recent Ripple XRP price prediction news, the analyst set $4.92 and $5.85 as the next targets upon a breakout.
Popular analyst Ali Martinez predicted $2.80 as an inflection point where many whales and investors bought during the last dip.
Recently, on-chain platform Santiment claimed XRP is flashing a potential buy signal, as much anticipation remains around ETF approval.
Historical on-chain data suggest that the highest level of retail FUD resulted in major upside moves.