From Cointelegraph

May 28, 2025 7:50:00 am:

XRP’s falling wedge pattern suggests a bullish reversal, with a potential 48% price surge. The SEC’s review of WisdomTree’s XRP ETF application may increase investor interest, with approval odds at 84% on Polymarket. XRP’s price is forming a falling wedge pattern on the daily chart, potentially signaling a rally to $3.40 and beyond.

The falling wedge pattern in XRP targets a price of $3.40 if it breaks out. The RSI has climbed to 47, indicating building bullish momentum. XRP must hold $2.20 support and surpass $2.60-$2.80 resistance for sustained recovery. Analysts are optimistic about a rebound, with potential for XRP to reach $2.90 and form a new all-time high.

The SEC has initiated a review of WisdomTree’s spot XRP ETF application, starting a 21-day public comment period and a 240-day review timeline. The ETF would track XRP’s price through the CME CF Ripple-Dollar Reference Rate, providing indirect exposure. Approval odds stand at 84% on Polymarket, with analysts predicting institutional capital influx and prices potentially reaching $3-$8, or even $50.

Read more at Cointelegraph: A spot XRP ETF is starting to look more likely as approval odds climb