Ripple’s XRP just received a major boost as the U.S. Securities and Exchange Commission (SEC) officially approved Grayscale’s new multi-token ETF, which includes XRP alongside Bitcoin, Ethereum, Solana, and Cardano. The ETF is set to become the world’s largest multi-asset crypto fund, marking a milestone for the industry.
This move is also fueling speculation that standalone spot ETFs for XRP, Solana, and Cardano could follow soon. Spot ETFs directly track real-time crypto prices, and their approval often acts as a strong catalyst for prices.
XRP Price Holds Above Key Resistance
Since the ETF news broke, XRP price action has picked up. The coin broke through a key resistance zone between $2.19 and $2.20, and traders are watching closely to see if it can confirm this as new support.
If XRP stays above $2.20, the next major resistance level is around $2.25, with analysts forecasting a possible wick toward $2.32 to $2.35, an area where sellers may exert pressure. If XRP fails to maintain this level, it could slip back toward $2.10 or even $2.05, resetting the trend.
Analysts Weigh In on What’s Next for XRP
Market expert Casi Trades said, “After hitting $2.30, XRP couldn’t hold $2.25 as support and is now retesting the top of its prior consolidation around $2.18 to $2.16. This level is crucial. If it breaks below, the next support sits near $1.90.”
However, early signs show that sellers are weakening, suggesting that this pullback could be temporary. A strong reclaim of $2.25 could clear the path toward $2.69 and beyond, potentially kickstarting a fresh rally for XRP holders.
All Eyes on Spot ETF Momentum
With Grayscale’s multi-crypto ETF paving the way, traders are increasingly betting that individual spot XRP ETFs could follow, boosting institutional exposure and liquidity for Ripple’s native token.
The coming days will be critical for XRP’s trend. Whether it defends the $2.19 to $2.20 support will likely set the tone for a larger move heading into the second half of 2025.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
