From Cointelegraph

June 9, 2025 09:26 am:

XRP recovers losses, hovers around $2.26, up 9.7% from local low of $2.06. Analysts predict double-digit rally amid optimism for spot XRP ETF approval in 2025. Approval odds jump to 98% on Polymarket. Multiple major players apply for spot XRP ETFs, intensifying pressure on SEC. CME Group launches XRP futures ETFs with $19 million in first-day trading volume. Three companies plan to invest over $471 million in XRP treasuries, highlighting corporate adoption and institutional trust. Market sentiment bolstered by Ripple’s legal clarity after SEC dropped lawsuit in March. Despite SEC delays, CME futures market success, and corporate strategies, approval odds for XRP ETFs rise from 68% in April to 98% in June. Approval could unlock institutional capital, driving demand and potentially pushing prices higher. Analysts anticipate XRP price climbing above $25, targeting double digits in 2025. Analysts predict XRP rally to $20, potentially reaching $27 based on past price patterns and indicators like moving averages and bull flag formations. Another analyst sees technical setup similar to 2017, hinting at a potential 1,000% increase to $25 and beyond, followed by a 90% crash during the bear market. Predictions align with previous forecasts of XRP hitting $27 based on chart fractals, Eliot wave analysis, and Fibonacci extensions.

Read more at Cointelegraph: Analysts Eye $27 XRP Price as ETF Approval Odds Jump to 98%.