**XRP ETF Countdown: Is the Market Ready for a Price Breakout?**
*The post XRP ETF Countdown: Is the Market Ready for a Price Breakout? appeared first on Coinpedia Fintech News.*
The crypto market is entering a tense yet opportunity-driven phase. Bitcoin’s price remains stuck within a tight range, struggling to regain upward momentum after recent volatility. Meanwhile, Ethereum continues to outperform, supported by stable staking flows. Altcoins are attempting to hold key support levels despite thin liquidity, reflecting the cautious market sentiment.
Amid this environment, XRP has emerged as one of the most actively watched assets. Its first potential U.S. spot ETF is moving rapidly through the approval pipeline, fueling speculation of a strong price breakout. Should this occur, XRP could surge well beyond the $3 threshold.
### ETF Timeline: Key Dates to Watch
**Canary Funds 8-A Filing**
Canary’s latest filing removed the delaying amendment, positioning its ETF for automatic effectiveness under Section 8(a). With this crucial step complete, the fund’s launch now primarily depends on exchange-level approval.
**Nasdaq Certification Window**
The remaining trigger is Nasdaq’s certification. Once the exchange issues its operational clearance, the XRP ETF can begin trading almost immediately. Market analysts believe this window is already open, with the final approval potentially arriving without much notice.
### XRP Price Structure Ahead of ETF Decision
The weekly price action suggests that XRP is currently testing a crucial range — specifically, the support of the rising parallel channel. The trade setup indicates the token could break through this support and disrupt the existing pattern, as the Relative Strength Index (RSI) is plunging.
Interestingly, the Chaikin Money Flow (CMF) continues to form higher highs and lows, maintaining the rising trend line. Moreover, the CMF remains above zero, signifying that bullish momentum persists. This combination suggests that XRP’s price is primed for a strong rebound.
As anticipation builds, XRP’s technical structure continues to strengthen. The breakout seems confirmed as the token has reclaimed the $2.35–$2.40 zone, flipping it into a significant support area.
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With the ETF approval potentially imminent and technical indicators aligning, XRP could be on the cusp of a notable breakout. Investors and market watchers should keep a close eye on developments as the countdown to the ETF launch continues.
https://bitcoinethereumnews.com/tech/xrp-etf-countdown-is-the-market-ready-for-a-price-breakout/