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XRP Traders Grow Confident as ETF Approval Odds Hit 85%
By: coindoo|2025/05/02 22:15:01
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This growing confidence comes amid a shift in sentiment around the U.S. Securities and Exchange Commission (SEC), with expectations of more crypto-friendly leadership shaping policy decisions.According to data from Santiment, trader sentiment reflects a bullish stance, even as the SEC recently postponed a decision on Franklin Templeton’s XRP ETF proposal to June 17. Despite this delay, the consensus is that institutional money could soon flow into XRP once ETFs are greenlit, potentially marking a turning point for mainstream financial adoption.Social media data suggests XRP’s overall mention volume has been declining in recent months. However, the ratio of bullish to bearish commentary is steadily climbing, indicating that those who remain engaged are more confident than ever. Even with XRP dipping below $2.20, sentiment among traders and technical analysts remains firmly optimistic. .dark-mode .read-more {background-color: #343a40 !important;} READ MORE: XRP Eyes $17–$55 Surge as Historical Pattern Repeats, Says Analyst The increased chatter around ETF approval is also being supported by growing interest from asset managers like Grayscale and Bitwise. If the trend continues, XRP could be poised for a significant breakout in the coming months.The post XRP Traders Grow Confident as ETF Approval Odds Hit 85% appeared first on Coindoo.
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