The probability of the XRP Spot ETF approval has risen to 95%, and XRP/BTC is expected to break through an 8-year historical resistance line.

For nearly eight years, XRP has been trapped under a long-term resistance line, but now it is about to break through this situation, nearing a historic breakthrough and key confrontation with Bitcoin (BTC). With the approval of the XRP Spot ETF still pending review, this breakthrough could signify a significant shift in market momentum and price movement.

The breakout of XRP against BTC is coming soon

The XRP/BTC trading pair is currently nearing a crucial technical breakthrough, which could redefine its long-term value outlook. Crypto market expert Gordon pointed out in his chart analysis on social media that XRP/BTC is about to break through a long-standing 8-year downward resistance line, and this breakthrough could trigger significant changes in market structure.

According to Gordon's analysis, this breakthrough may not only signify the end of XRP's nearly decade-long underperformance against Bitcoin, but it could also herald a revaluation of XRP as a whole. Gordon's bi-weekly chart shows that XRP has been competing with Bitcoin over the past few years, but has been rejected each time by this strong descending resistance line, which has been in place since 2017.

However, after years of consolidation and accumulation, XRP/BTC currently appears to be forming a large symmetrical triangle, with the current price approaching the upper boundary of this pattern. Gordon believes that this technical compression indicates a breakout is imminent, especially as the price movement accumulates momentum.

The more attractive aspect of XRP's breakthrough

What is even more interesting is that the upward trend and current momentum of XRP have not been influenced by any significant bullish catalysts. The rise of XRP/BTC occurred before any formal news regarding the approval of the XRP Spot ETF. Nevertheless, market expectations for this ETF have been strong, and once approved, it could become an important catalyst for the continued rise of XRP. This situation aligns with Gordon's assessment that breaking through the 8-year trend line could mark the starting point of a generational wealth opportunity.

The probability of XRP Spot ETF approval reaching 95% in 2025

According to the latest data provided by market expert Steph is Crypto, XRP has become one of the leaders in the competition for the approval of Spot ETFs in the United States. Analysts state that the probability of XRP Spot ETF receiving approval from the U.S. Securities and Exchange Commission (SEC) by 2025 has risen to 95%.

XRP is currently among the most likely projects to be approved, along with Litecoin (LTC) and Solana (SOL), marking a shift in market sentiment towards altcoin-based ETFs. An increasing number of institutional asset management companies are investing in these ETFs, including Grayscale, Bitwise, 21Shares, WisdomTree, and Canary. A report from a few days ago also indicated that the SEC has officially approved the conversion of the Bitwise 10 Crypto Index Fund into an ETF, which includes assets such as XRP, BTC, and ETH.

Conclusion

As XRP approaches breaking through the historic resistance line and possible Spot ETF approval, market sentiment and technical indicators suggest that XRP may enter a new growth phase. Investors should closely monitor the upcoming months, as this could be a crucial moment for XRP to welcome new value reassessment and long-term investment opportunities.