XRP’s current bearish divergence setup mirrors the technical pattern seen in 2018, which preceded an 80% price correction.
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Solana ETF applications are nearing the deadline for a preliminary decision before the end of January, days after President-elect Donald Trump’s inauguration on Jan. 20.
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Ripple President Monica Long added that XRP will likely receive its spot ETF approval “very soon.”
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Whale distribution and a convincing bearish reversal indicator set up XRP for further price declines in early 2025.
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Bloomberg ETF analysts Eric Balchunas and James Seyffart expect Litecoin and Hedera will also get spot ETFs, but aren’t convinced there’ll be much demand for them.
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Analysts are expecting Ether and altcoins like XRP to stage a significant rally leading into Trump’s inauguration on Jan. 20, which also marks the last day of SEC Chair Gensler.
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Bitwise, VanEck, 21Shares and Canary Capital have also recently submitted their S-1 registration statements to list a spot Solana ETF in the US.
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The US presidential race could determine the fate of more than half a dozen proposed crypto ETFs.
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In the United States, issuers are seeking to register ETFs for Solana and XRP ahead of the November presidential elections.
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After the launch of spot Bitcoin and Ether ETFs, investors eagerly await the potential debut of XRP and Solana ETFs, which could significantly impact crypto markets.
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