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The XRP price dropped 2% in the past 24 hours, trading at $2.02 as of 3:49 a.m. EST, with a 69% surge in trading volume to $4.4 billion.
That comes as Bloomberg analysts James Seyffart and Eric Balchunas raised the approval odds for most crypto ETFs (exchange-traded funds), showing that XRP has a 95% chance of receiving ETF approval in 2025. This recent prediction presents a significant jump from earlier expectations that hovered around 75%.
NEW: @EricBalchunas & I are raising our odds for the vast majority of the spot crypto ETF filings to 90% or higher. Engagement from the SEC is a very positive sign in our opinion pic.twitter.com/5dh8G8rK6Y
— James Seyffart (@JSeyff) June 20, 2025
The lifted odds signal growing institutional interest in a broader range of digital assets, with XRP leading other coins, including Dogecoin, Solana, Litecoin, and others.
Can the continued interest be a positive sign for the price of XRP to recover?
XRP Price Converging Within Falling Wedge – Is A Breakout Brewing?
The XRP price is currently trading within a falling wedge pattern on the 3-day chart, which is often seen as a bullish reversal pattern.
The Ripple Token price has been forming lower highs and lower lows, but the wedge is narrowing, indicating a decrease in bearish momentum.
Meanwhile, the 50 Simple Moving Average (SMA) at $2.31 is acting as immediate resistance, while the 200 SMA at $1.20 provides longer-term support, as GeckoTerminal data shows.
The Fibonacci retracement levels indicate that the price of XRP is currently hovering around the 0.382 level at $2.28, which is generally considered a key area for trend continuation or reversal.
Furthermore, the Relative Strength Index (RSI) is at 41.83, which is below the midpoint but not in oversold territory, indicating weak momentum with potential for an upward reversal if buying pressure increases.
The XRP price is poised for a bullish breakout. If XRP’s price closes above the $2.31 resistance level and breaks out of its current wedge pattern, it could rally toward the $2.70–$3.00 range, representing an estimated 32% increase.
If Bloomberg analysts’ predictions, which typically guide investors on optimal trading strategies, prove accurate and XRP spot ETFs are approved soon, XRP could be poised for a significant surge to new all-time highs.
Conversely, the current geopolitical tension may deter any rapid developments, such as a favorable SEC outcome, from unfolding soon. So, a failure of XRP’s price to hold above the wedge support near $2.00 could result in a decline toward $1.60 or even $1.20.
Meanwhile, investors are flocking to buy the Solana layer-2 presale Solaxy (SOLX), with just two days left in its blockbuster presale. Popular YouTube channel 99Bitcoins, with over 723K subscribers, says the crypto has the potential to soar 10X post-launch.
Solaxy Presale Nears End, Raising $57.8M – 5 Hours Left To Buy
Built to address Solana’s congestion bottlenecks, Solaxy processes transactions off-chain, bundling them for mainnet verification, mirroring the approaches of Ethereum’s Arbitrum and Optimism. This enhances Solana’s scalability, supporting high-frequency trading and decentralized finance (DeFi) applications.
Recent developments include a Hyperlane partnership, enabling seamless interoperability between Solana and Ethereum, as well as a total 55 billion SOLX token burn to increase scarcity ahead of the project’s launch.
Another MASSIVE burn. 🔥
We’ve just burned 20,000,000,000 $SOLX, further tightening supply ahead of mainnet.
This follows our previous 35B $SOLX burn, bringing the total burn to 55 BILLION $SOLX – That's ~40% already burned!
View here: https://t.co/0izmHfkIJv
Less supply.… pic.twitter.com/Q7rIj0BCbc
— SOLAXY (@SOLAXYTOKEN) June 19, 2025
The team also deployed their testnet and a blockchain explorer to ensure the system’s robustness. This makes SOLX an attractive buy as the presale hurtles towards $58 million after whales scooped up over $212K worth of the token in just the last 12 hours. The largest single purchase was for $105,513.
The SOLX token is currently selling for $0.001766, and investors can join the presale via the official Solaxy website using ETH, BNB, USDT, or bank cards. Tokens can also be staked for a massive 74% APY. Investors will want to buy before the token launches in around 4 hours.
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