The SEC's review of WisdomTree's XRP ETF application is generating significant investor interest in May 2025. Polymarket odds have jumped to 84% for approval by the end of the year. This has fueled speculation about a potential rally in XRP price.
XRP price is currently retesting the upper trendline of a falling wedge pattern at $2.42. A break above this level could trigger a rise to $3.40, representing a 48% increase. The relative strength index (RSI) climbed to 47 from 31 on April 8, indicating rising bullish momentum.
The SEC officially started reviewing the WisdomTree XRP Trust ETF application on May 27, 2025. This initiates a 21-day public comment period and a 240-day review timeline. The ETF would track the price of XRP through the CME CF Ripple-Dollar Reference Rate.
Approval could unlock institutional capital, potentially driving prices to $3-$8. Some analysts predict XRP could reach $50 if major players like BlackRock invest.
This article is based on our author's analysis of materials taken from the following resources: Cointelegraph and FXLeaders.