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XRP ETF Approval Odds Surge to 81%
- XRP's price has dropped by 18% in the past week, currently at $2.48, reflecting wider cryptocurrency market struggles.
- The probability of XRP ETF approval stands at 81%, potentially attracting institutional investors to boost XRP's market value.
- Government initiatives like the U.S. strategic crypto reserve indicate increasing institutional and governmental backing for cryptocurrencies.
- Ripple's XRP has faced price fluctuations, leading to a 18% decrease over the past seven days, with analysts wary of further declines.
- The crypto market, including Bitcoin, has encountered challenges, with Bitcoin trading around $87,254, impacting altcoins like XRP.
- Ripple's focus is on XRP ETF filings, with the U.S. SEC acknowledging Grayscale's application, potentially influencing institutional investment.
- Speculation on XRP ETF approval by mid-2025 has driven optimism, reflected in the betting odds reaching 81% for approval in 2025.
- XRP technical indicators suggest a potential rebound, with the TD Sequential tool signaling a buy opportunity amidst support levels between $1.80 and $2.
- Forecasts indicate XRP could reach a new all-time high of $4.12 by April 15, 2025, with an average trading price near $3.12 around mid-April.
- Government initiatives such as the U.S. strategic crypto reserve and increasing interest in cryptocurrency ETFs contribute to Ripple's positive outlook.
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