The buzz around a potential XRP ETF is heating up, with Bloomberg’s Eric Balchunas saying approval odds are now “essentially 100%.” Market watchers believe this could open the door to a major rally, with some analysts targeting $33 for XRP in the next cycle.
XRP ETF: Countdown to October Decisions
Balchunas recently noted that updated SEC filing standards have simplified the process, removing one of the biggest hurdles for spot crypto ETFs. He added that issuers are already submitting new paperwork, signaling approvals could arrive sooner than expected.
His colleague James Seyffart acknowledged that political events, such as a possible government shutdown, might influence timing, but still described eventual approval as highly likely.
Meanwhile, Polymarket data shows odds for an XRP ETF approval sitting above 99%, reflecting growing confidence among traders and institutions.
Experts Eye $33 XRP Rally
Analyst EGRAG Crypto believes XRP could surge toward $33 in the coming market cycle, pointing to past rallies where the token delivered triple-digit percentage gains. He argues that recent upgrades to the XRP Ledger, including new tokenization features, strengthen the case for long-term growth.
Adding fuel to the bullish outlook, reports surfaced of a French institutional buyer purchasing nearly $50 million worth of XRP in a single move, a signal of rising interest from larger players.
What’s Next
The SEC is set to review multiple ETF applications in October, making it a potentially historic month for XRP. Nate Geraci, president of ETF Store, summed it up best: the upcoming weeks could prove “enormous” for crypto ETFs and the broader digital asset market.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
