Key Takeaway
So, Ripple’s XRP, along with Solana and Dogecoin, is suddenly the cool kid in class because some folks think ETFs are about to make it rain. Short-term traders and institutions are licking their chops. Great.
Apparently, Ripple [XRP] is banging its head against the $3 resistance like it’s trying to get into a trendy nightclub. “Hey, let me in!”
Polymarket says there’s a 93% chance of ETF approval by 2025. Ninety-three percent! That’s like saying, “Hey, I’m pretty sure this guy’s going to call me back,” but you still keep your phone on silent.
And yet, XRP is trading at $2.96, down almost 2% recently. It flirted with $3.04-its highest in two weeks-then pulled back like it got cold feet at a first date. Ah, volatility, you beautiful beast.
Analyst weighs in…
Shawn Young, Chief Analyst at MEXC, decided to bless us with his wisdom:
“The decision deadline in late October is like the Super Bowl of ETFs-if they say yes, fresh money floods in, bearish patterns get kicked to the curb, and XRP could shoot past $3.4 and maybe $4.”
Young also waves a flag for Solana [SOL] and Dogecoin [DOGE] joining the hype train, thanks to ETF rumors stirring up a short-term frenzy. Because, hey, nothing says “solid investment” like speculation.
He’s optimistic Dogecoin might rally once the Rex-Osprey DOGE ETF (DOJE) debuts, and Solana could moonwalk its way to $240-$260 if momentum sticks around longer than your last new year’s resolution.
But don’t get too comfy-he warns about the classic “sell-the-news” move and other market gremlins that could slash those gains faster than you can say “What just happened?”
What’s more…
Enter Lionel Iruk, Senior Advisor to Nav Markets, who also got on the crypto grapevine and told us:
“ETFs are the reason Solana, Dogecoin, and XRP have been stealing the spotlight lately.”
Basically, big traders are piling in, thinking institutional money will swoop in like a financial superhero. If that hero shows up, Dogecoin could hit $0.28, Solana $240, and XRP $3.50-numbers that get you excited until-plot twist-they don’t.
Because, of course, if the hype train derails or the news disappoints, those same coins could tumble down to Doge at $0.20, Solana at $195, and XRP at $2.80. Welcome to crypto, where the mood swings are faster than a New York minute.
Oh, and September? Buckle up. Bitcoin, Ethereum, and XRP are apparently all in for some “fun” volatility. XRP bulls are clinging to the $2.74 support level like it’s a life raft after a rough August. Good luck with that.
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2025-09-10 16:07