Cryptocurrency markets are witnessing renewed interest in XRP, particularly as forecasts emerge suggesting the potential approval of spot XRP Exchange-Traded Funds (ETFs) in the coming days. Coinbase’s latest institutional report has prompted analysts to predict that the next wave of ETF approvals will likely include several spot XRP products, reflecting significant strides in institutional engagement with digital assets.
The report highlights that over 90 new ETF applications have been submitted to the Securities and Exchange Commission (SEC), indicating a robust institutional shift within the digital asset market. In tandem, predictions on Polymarket now place the chances of an approved XRP ETF at a striking 97%. Prominent asset managers such as Bitwise, Grayscale, Franklin Templeton, and VanEck are diligently refining their filings, which is further enhancing optimism around potential approvals.
Market sentiments have shifted positively, particularly following the resolution of the SEC’s case against Ripple, which has bolstered confidence in XRP’s future trajectory. Market observers are keenly monitoring whether XRP can reclaim prior highs as investors look to capitalize on potential growth opportunities.
Analysts speculate that the launch of a spot XRP ETF could attract upwards of $5 billion in new liquidity. Nate Geraci, co-founder of the ETF Institute and President of the ETF Store, emphasized that the demand for XRP and Solana ETFs is significantly underestimated, similar to how initial Bitcoin and Ethereum ETF interests were perceived.
As of late August, nearly half of the XRP ETF applicants updated their filings, which has been interpreted by several analysts as a favorable development. Bloomberg ETF analysts James Seyffart and Eric Balchunas have set approval odds for a spot XRP ETF at 95%, reflecting increasing regulatory openness.
In market movements, XRP has shown resilience, trading above $3 with a notable 4.8% rise in the last 24 hours. After a two-month correction, XRP is breaking out of a falling wedge pattern, a bullish indicator suggesting a continuation of the previous uptrend. The cryptocurrency has key resistance levels at $3.20 and $3.40; surpassing these could pave the way for new all-time highs.
For September, analysts project a range of price predictions, with a bullish scenario suggesting a price of $3.6 or higher by month’s end, while the bearish outlook sees potential dips to $2.6.
Simultaneously, Bitcoin Hyper is garnering attention as it approaches $15 million in presale, positioning itself as a promising altcoin for 2025. The project aims to address current limitations in Bitcoin’s capabilities, particularly in supporting smart contracts and decentralized applications. By introducing the first layer-2 protocol on Bitcoin, it seeks to enhance transaction speed and functionality without compromising security.
This innovative approach includes the Canonical Bridge, which allows transactions to be processed off-chain while ensuring that all operations remain tied to Bitcoin’s secure base layer. The presale has thus far raised $14.65 million, indicating strong investor interest, and analysts are optimistic about a forthcoming listing.
With both XRP ETF prospects and Bitcoin Hyper’s advancements in the mix, the cryptocurrency landscape is poised for exciting developments, and investors are eager to see how these trends unfold in the near future.
