Recent changes in leadership at the U.S. Securities and Exchange Commission (SEC) have significantly boosted the likelihood of an XRP Exchange-Traded Fund (ETF) receiving approval, with experts predicting a near-future surge in price. Cointelegraph reports that this probability now stands at 85%, sparking optimism among analysts who believe XRP could reach new all-time highs as early as 2025. Despite a recent dip of 5% following the release of U.S. GDP data indicating a shrinking economy, XRP’s market structure shows signs of strengthening. Investors eagerly anticipate a spot XRP ETF approval in the U.S., potentially allowing XRP to revisit its April peak of $2.36. Technical analysis reveals that XRP is currently trading within a falling wedge pattern, a bullish reversal chart pattern indicating weakening downward momentum. A breakout above the upper trendline at $2.40 could propel buyers to target $3.74 – a 71% increase from its current price. The relative strength index (RSI) remains above the midline, suggesting positive market conditions for an upward trajectory. However, XRP’s recovery hinges on maintaining support around $2.20 and surpassing resistance levels between $2.80 and $3.00. Analysts remain optimistic about XRP’s potential to reach new highs, with some even predicting a surge to $19.27 based on the falling wedge pattern.