The recent decline in XRP prices has raised concerns among investors, but many analysts maintain optimism about the asset's future, predicting significant growth.
XRP Price Decline and Market Impact
XRP has fallen by more than 12% over the last month due to decreasing liquidity and greater caution among institutional investors. This drop coincided with the SEC's announcement to extend the review of proposed XRP ETFs, with a decision now expected by the end of October 2025.
ETF Approval Odds and Market Reactions
Despite the delay in ETF approvals, studies show an 81% chance of their approval by the end of the year, which fuels hopes among market participants. Major players such as Grayscale and Franklin Templeton are among the applicants, indicating a growing interest in XRP-based products.
Analysts' Predictions for XRP
Technical analysts are confident in the long-term outlook for XRP, predicting potential growth to $3.84 and beyond. Analysis showed the possibility of price targets ranging from $8 to $27 in the current cycle, despite short-term volatility and uncertainties.
Therefore, while the current situation with XRP raises several concerns, many analysts believe it is a temporary issue. The next few weeks will be closely monitored as stakeholders observe SEC actions and market reactions.
