XRP Faces Crucial Test With ETF Approval Chances Now At 87%

According to market reports, two ETF decisions are coming up in ￰0￱ faces an Oct. 18 deadline, while Canary is set for ￰1￱ Reading: Mastercard Stresses Crypto Is An Enhancement, Not A Substitute A Polymarket poll, which has roughly $150,000 in assets, shows approval odds rising to 87% from an August low of 64%. Some traders say those odds are helping prices because investors expect the US regulator to wrap up multiple ETF filings around the same time, as was the case with spot Bitcoin and Ethereum approvals earlier this ￰2￱ Flows And Demand Data Reports have disclosed strong flows into crypto funds, and analysts point to those moves when discussing potential XRP ￰3￱ rose 3% on Tuesday to $2.80, pulling back from this week’s low of $2.68.

The move trimmed part of a slide that has pushed the token about 23% below its year-to-date peak of $3.6654. Traders told market watchers they were watching the pair of ETF deadlines on the calendar as one reason for the ￰4￱ Bitcoin ETFs have taken in over $54 billion in inflows, while Ethereum funds show about $13 ￰5￱ XRP-related ETFs from providers such as Teucrium and ProShares have pulled in millions in assets, according to filings and industry ￰6￱ newly launched CME futures for XRP reached more than $1 billion in open interest quickly, a pace that has been noted by some market participants as a sign of appetite for XRP trading ￰7￱ Setup Points To A Possible Breakout XRP fell from a July high of $3.66 to roughly $2.80 ￰8￱ drop is being read by some technicians as part of a falling wedge pattern, which many chart readers view as a bullish ￰9￱ Remain Meanwhile, regulatory timing is ￰10￱ US regulator has postponed related ETF decisions multiple times, and another delay is ￰11￱ market weakness could blunt demand even if approvals ￰12￱ and market commentaries caution that past outcomes for Bitcoin and Ethereum do not automatically guarantee identical results for XRP, given differences in market structure and ￰13￱ Reading: No Fireworks, Just Grind: Bitcoin Could Drift To $1M Over 7 Years: Analyst What Traders Are Watching According to exchange data and polls, sentiment has shifted toward a higher chance of approvals, and that shift appears to be supporting price action this week.

Still, traders say it will take clear confirmations — either from regulatory filings or strong fund flows — to extend gains beyond the current ￰14￱ now, XRP sits between support near $2.68 and the $4 target that would signal a more sustained move ￰15￱ image from Meta, chart from TradingView