The recent decline in XRP has raised concerns among traders. This is attributed to decreased liquidity and caution among institutional investors.
Current Market Situation of XRP
XRP's price has dropped over 12% in the last month, causing unease in the market. This decline follows the SEC's announcement to extend its review of proposed XRP ETFs, with a decision expected by the end of October 2025.
Prospects of XRP ETF Approval
Despite the delay, market optimism remains. Polymarket indicates an 81% chance of XRP ETF approval by the end of the year. Applications from major asset management players like Grayscale and Franklin Templeton are still under consideration, highlighting significant interest in XRP-based structured products.
Analysts' Predictions for XRP Price
Despite current liquidity pressures and a recent $470 million sale of XRP, technical analysts forecast potential growth to new highs. Commentator EGRAG Crypto pointed out that XRP may be on track to exceed its all-time high of $3.84. Predictions suggest possible target levels above $8, $13, and $27 in the ongoing cycle.
The situation in the XRP market remains uncertain, yet analysts and many participants are confident that regulatory clarity and ETF approval may foster future price growth.
