XRP Price Forecast: Potential Surge with Imminent ETF Approvals

XRP is gaining renewed attention as discussions about the potential approval of an XRP Spot ETF intensify. In a recent interview with Thinking Crypto, Bitwise Chief Investment Officer Matt Hougan addressed upcoming decisions regarding XRP and Solana ETFs. He indicated that approvals could come as early as July, with multiple applications facing official deadlines in October.

Currently, over ten XRP ETF applications await regulatory review, including submissions from major players like Bitwise, Grayscale, Franklin Templeton, 21Shares, and Canary. Approval of any these applications could catalyze significant price movement for XRP before year-end.

Technical indicators show XRP maintaining stability with growing buyer interest. While Ripple's application for a U.S. national bank charter may strengthen its long-term prospects, it hasn't yet triggered substantial short-term gains. The $2.26 to $2.45 range remains a critical resistance zone - a decisive break above this level could signal stronger upside momentum. Market sentiment remains sensitive to upcoming U.S. economic data, particularly unemployment and inflation figures.

Analyst Casi Trades has outlined ambitious price targets for XRP, projecting a minimum of $6.50 with partial position liquidation planned around $8. The analyst suggests potential expansion to $26 by late 2025 if XRP breaches the $13 threshold.

XRP's next major price movement hinges on two key factors: regulatory decisions on ETF applications and macroeconomic data. Should ETF approvals materialize in coming weeks, XRP may experience its most substantial price rally in years.