Crypto analyst Zach Rector has shared a chart suggesting that XRP may be preparing for a significant move in anticipation of the ETF decision in October.
XRP Key Levels
The chart highlights key levels at $3, $3.66, $4, and $7.01, serving as potential upside targets. The zone between $4 and $7 aligns with Rector's suggested range for a pre-ETF breakout.
Timeline for ETF Approval
The chart emphasizes important dates, culminating on October 17 when the U.S. Securities and Exchange Commission (SEC) is expected to decide on the XRP ETF applications. Following multiple delays, the final decisions are now anticipated for the fourth quarter, with mid-October marking a critical window.
XRP Growth Potential
If ETF approval occurs, it could lead to significant new inflows into the market. The current price around $2.85 could rise to $4, representing nearly a 40% increase, and a rally towards $7 could equate to over a 145% gain.
The analysis of current trends and expectations around the ETF points to the possibility of significant price growth for XRP in the coming months.
