Summary
XRP is set to enter a decisive fifth wave after a period of consolidation, as the SEC’s new framework for altcoin listings accelerates the potential launch of spot ETFs. Traders and investors are eyeing a breakout that could propel XRP above key resistance levels.
Technical Analysis: Elliott Wave Counts Point Higher
After completing the corrective Wave 4 near the $0.50 zone, XRP has formed a tight range, validating the classic Elliott Wave pattern. With momentum indicators turning bullish and volume gradually picking up, Wave 5 is primed to challenge the $0.75 intermediate resistance before targeting the psychological $1.00 mark.
Key Fibonacci retracement levels at 0.618 and 0.786 have held as support, reinforcing the bullish thesis. Should XRP clear the $0.80 hurdle with conviction, an extended rally toward $1.20 could unfold in the coming weeks.
Regulatory Catalysts: SEC Opens Door for Altcoin ETFs
The recent release of updated listing standards by the U.S. Securities and Exchange Commission has removed significant regulatory uncertainty for altcoins. By establishing clear criteria for market surveillance and custody, the SEC has paved the way for potential spot XRP ETFs alongside other major digital assets.
Institutional interest has surged in response, with asset managers reportedly preparing applications to list ETFs that track XRP’s performance. Approval would offer traditional investors a familiar vehicle to gain exposure, supporting liquidity and price discovery.
Market Sentiment and Outlook
Sentiment across social channels and on-chain metrics suggests a growing bullish conviction. Active addresses have climbed steadily, while whale accumulation at key support levels hints at confidence among large holders.
In the short term, traders will watch for a decisive daily close above $0.78. Over the medium term, the confluence of technical momentum and regulatory tailwinds could see XRP challenge multi-year highs, potentially revisiting levels last seen in 2018.
Bottom Line
Disclaimer: Cryptocurrency investments carry risk. This article is for informational purposes and does not constitute financial advice.
