<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njg4NzUtNmYwYS03YmYzLTkwOWEtNzNjMDQxMDA2YWFj.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5Njg4NzUtNmYwYS03YmYzLTkwOWEtNzNjMDQxMDA2YWFj.jpg" alt="XRP traders predict new all-time highs as ETF approval odds rise to 85%">Key takeaways:<ul><li>XRP ETF approval odds rise to 85% following a SEC leadership change.</li><li>Analysts predict XRP could rise to new all-time highs again in 2025.</li></ul>XRP price dropped by 5% over the past 24 hours as US GDP data <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-drops-under-93-k-after-us-gdp-data-shows-shrinking-economy-raising-recession-alarm" rel="null" target="null" text="null" title="null">showed a shrinking economy</a>. However, a strengthening market structure and investors&rsquo; growing hope for a spot XRP ETF approval in the United States suggest that the altcoin might revisit its April peak at $2.36 in the short term.&nbsp;<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01968872-7deb-749c-bdee-5c8aaa476d37" title="" alt="XRP traders predict new all-time highs as ETF approval odds rise to 85%"><figcaption style="text-align: center;">XRP/USD daily chart. Source: Cointelegraph/<a data-ct-non-breakable="null" href="https://www.tradingview.com/x/aWim3rM1/" rel="null" target="null" text="null" title="null">TradingView</a></figcaption></figure>Technical charts currently show XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="null" target="null" text="null" title="null">XRP</a>) trading within a falling wedge pattern. A "falling wedge" is a bullish reversal chart pattern that comprises two converging trend lines that connect lower lows and lower highs. This convergence indicates weakening downward momentum.&nbsp;The pattern will resolve when the price breaks above the upper trendline at $2.40, and if this happens, buyers could target $3.74 next, representing a 71% increase from the current price.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01968872-8222-7077-9bf6-0741a0d5c9e2" title="" alt="XRP traders predict new all-time highs as ETF approval odds rise to 85%"><figcaption style="text-align: center;">XRP/USD daily chart. Source: Cointelegraph/<a data-ct-non-breakable="null" href="https://www.tradingview.com/x/4WUvoKVQ/" rel="null" target="null" text="null" title="null">TradingView</a></figcaption></figure>The <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/here-s-3-ways-the-relative-strength-index-rsi-can-be-used-as-a-sell-signal" rel="null" target="null" text="null" title="null">relative strength index</a> (RSI) is above the midline, indicating that the market conditions still favor the upside.However, to sustain the ongoing recovery, XRP price has to first hold the support at $2.20 and then overcome the resistance between $2.80 and $3.00.Several analysts remain optimistic about the altcoin&rsquo;s ability to rebound to all-time highs, with popular trader Dark Defender <a data-ct-non-breakable="null" href="https://x.com/DefendDark/status/1916465853660287261" rel="null" target="null" text="null" title="null">saying</a> that the ongoing correction is part of an Elliott Wave pattern that will eventually see &ldquo;XRP continue its climb to the top.&rdquo;Fellow trader Allincrypto <a data-ct-non-breakable="null" href="https://x.com/RealAllinCrypto/status/1917527646746915281" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/RealAllinCrypto/status/1917527646746915281">believes</a> XRP is &ldquo;heading to $19.27&rdquo; based on a breakout from a falling wedge pattern.<blockquote>&ldquo;Where we are pulling back is textbook perfect, and we had highlighted a falling wedge that was present on XRP that ultimately was just going for a continuation to $19.27.&rdquo;</blockquote>Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/what-are-xrp-futures-and-how-to-invest-in-them" rel="null" target="null" text="null" title="null">What are XRP futures and how to invest in them?</a><h2>Approval odds for an XRP ETF approval in 2025 rise</h2>Bloomberg senior ETF analysts <a data-ct-non-breakable="null" href="https://x.com/EricBalchunas/status/1917444433282490606" rel="null" target="null" text="null" title="null">said</a> that the five spot XRP ETFs, including Grayscale, 21Shares, WisdomTree, Bitwise, Canary, and Franklin Templeton, have an 85% chance of approval after the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/paul-atkins-sworn-in-sec-chair" rel="null" target="null" text="null" title="null">change in leadership</a> at the US Securities and Exchange Commission (SEC).This is a significant improvement from their prediction over two months ago that <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/xrp-price-analyst-8-etf-approval-speculation-intensifies" rel="null" target="null" text="null" title="null">set the chances</a> of an XRP approval in 2025 at 65%.<figure><img alt="XRP traders predict new all-time highs as ETF approval odds rise to 85%" src="https://s3.cointelegraph.com/uploads/2025-04/01968879-6a22-75a2-9c32-4813ad3e9a6d" title=""><figcaption style="text-align: center;">Source: <a data-ct-non-breakable="null" href="https://x.com/EricBalchunas/status/1917444433282490606" rel="null" target="null" text="null" title="null">Eric Balchunas</a></figcaption></figure>Similarly, the betting <a data-ct-non-breakable="null" href="https://polymarket.com/event/ripple-etf-approved-in-2025?tid=1739542416703" rel="null" target="null" text="null" title="null">odds for an XRP ETF approval </a>by Dec. 31 now stand at 80% on Polymarket. Over the past week, the probability of approval has swung 17% in favor of the bullish masses, which was around 63% on April 23.<figure><img src="https://s3.cointelegraph.com/uploads/2025-04/01968872-8d13-7edf-bfdb-b4194276a3bc" title="" alt="XRP traders predict new all-time highs as ETF approval odds rise to 85%"><figcaption style="text-align: center;">XRP ETF approval odds on Polymarket. Source: Polymarket</figcaption></figure>Meanwhile, on April 29, the SEC <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/sec-punts-decision-on-bitwise-xrp-doge-etfs" rel="null" target="null" text="null" title="null">postponed its decision</a> on Franklin Templeton&rsquo;s spot XRP ETF, setting a new review deadline on June 17.The approval of these ETFs could unlock institutional capital, amplifying demand for the XRP. While approval timelines remain unclear, they would mark a step toward mainstream adoption for XRP.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template>

Key takeaways:

XRP ETF approval odds rise to 85% following a SEC leadership change.

Analysts predict XRP could rise to new all-time highs again in 2025.

XRP price dropped by 5% over the past 24 hours as US GDP data showed a shrinking economy. 
However, a strengthening market structure and investors’ growing hope for a spot XRP ETF approval in the United States suggest that the altcoin might revisit its April peak at $2.36 in the short term. 
XRP/USD daily chart. Source: Cointelegraph/TradingView
Technical charts currently show XRP (XRP) trading within a falling wedge pattern. A "falling wedge" is a bullish reversal chart pattern that comprises two converging trend lines that connect lower lows and lower highs. This convergence indicates weakening downward momentum. 
The pattern will resolve when the price breaks above the upper trendline at $2.40, and if this happens, buyers could target $3.74 next, representing a 71% increase from the current price.
XRP/USD daily chart. Source: Cointelegraph/TradingView
The relative strength index (RSI) is above the midline, indicating that the market conditions still favor the upside.
However, to sustain the ongoing recovery, XRP price has to first hold the support at $2.20 and then overcome the resistance between $2.80 and $3.00.
Several analysts remain optimistic about the altcoin’s ability to rebound to all-time highs, with popular trader Dark Defender saying that the ongoing correction is part of an Elliott Wave pattern that will eventually see “XRP continue its climb to the top.”
Fellow trader Allincrypto believes XRP is “heading to $19.27” based on a breakout from a falling wedge pattern.
“Where we are pulling back is textbook perfect, and we had highlighted a falling wedge that was present on XRP that ultimately was just going for a continuation to $19.27.”
Related: What are XRP futures and how to invest in them?
Approval odds for an XRP ETF approval in 2025 rise
Bloomberg senior ETF analysts said that the five spot XRP ETFs, including Grayscale, 21Shares, WisdomTree, Bitwise, Canary, and Franklin Templeton, have an 85% chance of approval after the change in leadership at the US Securities and Exchange Commission (SEC).
This is a significant improvement from their prediction over two months ago that set the chances of an XRP approval in 2025 at 65%.
Source: Eric Balchunas
Similarly, the betting odds for an XRP ETF approval by Dec. 31 now stand at 80% on Polymarket. Over the past week, the probability of approval has swung 17% in favor of the bullish masses, which was around 63% on April 23.
XRP ETF approval odds on Polymarket. Source: Polymarket
Meanwhile, on April 29, the SEC postponed its decision on Franklin Templeton’s spot XRP ETF, setting a new review deadline on June 17.
The approval of these ETFs could unlock institutional capital, amplifying demand for the XRP. While approval timelines remain unclear, they would mark a step toward mainstream adoption for XRP.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

XRP traders are optimistic about new all-time highs as the likelihood of an XRP ETF approval rises to 85% following a SEC leadership shift. Despite a recent 5% price dip due to weak US GDP data, analysts foresee potential short-term gains, with XRP possibly retesting its April peak of $2.36, fueled by strong market structure and investor optimism.  

XRP traders predict new all-time highs as ETF approval odds rise to 85%

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U.S. spot Bitcoin ETFs closed out April with money flowing out as Bitcoin slipped below the $95,000 support level, partly because of worries over Trump’s new tariffs and weak U.S. economic data. According to SoSoValue data, the 12 spot Bitcoin&#8230;

U.S. spot Bitcoin ETFs closed out April with money flowing out as Bitcoin slipped below the $95,000 support level, partly because of worries over Trump’s new tariffs and weak U.S. economic data. According to SoSoValue data, the 12 spot Bitcoin…

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North Carolina&#8217;s House of Representatives passed a crypto investment bill that would allow the state treasurer to invest 5% of state investments into approved cryptocurrencies. According to the official site, the House passed North Carolina&#8217;s Digital Assets Investment Act, or&#8230;

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<img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTdmMzEtMmRiYy03Y2I5LTg4OTYtN2ZkZjQ4ZDk4NzJk.jpg"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDMvMDE5NTdmMzEtMmRiYy03Y2I5LTg4OTYtN2ZkZjQ4ZDk4NzJk.jpg" alt="‘Bad breach of ethics’ — Musk echoes crypto execs in backlash against WSJ">Tesla CEO Elon Musk has lashed out at The Wall Street Journal (WSJ), calling the publication&rsquo;s latest report &ldquo;an EXTREMELY BAD BREACH OF ETHICS,&rdquo; after it claimed the Tesla board was actively seeking his replacement as CEO.The <a data-ct-non-breakable="null" href="https://www.wsj.com/business/autos/tesla-musk-ceo-search-board-0ce61af9" rel="null" target="null" text="null" title="null">report</a>, published on April 30, alleged that the board had approached recruitment firms due to concerns over Musk&rsquo;s political activity and split focus across multiple ventures.Musk <a data-ct-non-breakable="null" href="https://x.com/elonmusk/status/1917815854647107990" rel="null" target="null" text="null" title="null">took</a> to X to denounce the article, stating that the WSJ deliberately published false information while knowingly excluding an &ldquo;unequivocal denial&rdquo; from Tesla&rsquo;s board.Tesla board chair Robyn Denholm also issued a strong rebuttal early Thursday morning, posting on Tesla&rsquo;s official X account that the board had not contacted recruiters.&ldquo;This is absolutely false,&rdquo; she said. &ldquo;The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.&rdquo;<figure><img alt="&lsquo;Bad breach of ethics&rsquo; &mdash; Musk echoes crypto execs in backlash against WSJ" src="https://s3.cointelegraph.com/uploads/2025-05/01968a9f-34d8-77da-99d4-1635bc9cb3ec" title=""><figcaption style="text-align: center;">Musk and Tesla board dismissing WSJ report. Source: Elon Musk</figcaption></figure>Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/wall-street-journal-debacle-fuels-us-lawmakers-ill-informed-crusade-against-crypto" rel="null" target="null" text="null" title="null">WSJ debacle fueled US lawmakers&rsquo; ill-informed crusade against crypto</a><h2>Musk under scrutiny for role in DOGE</h2>The WSJ&rsquo;s report comes amid growing scrutiny of Musk&rsquo;s political involvement, particularly his advisory role in US President Donald Trump&rsquo;s Department of Government Efficiency (DOGE).Critics <a data-ct-non-breakable="null" href="https://www.cnbc.com/2025/03/31/elon-musk-says-people-against-his-doge-cuts-are-trying-to-pressure-tesla.html" rel="nofollow noopener" target="_blank" text="null" title="https://www.cnbc.com/2025/03/31/elon-musk-says-people-against-his-doge-cuts-are-trying-to-pressure-tesla.html">argue</a> that his involvement with the Trump administration has hurt Tesla&rsquo;s brand, especially in international markets. Tesla&rsquo;s first-quarter profit plunged 71%, and its market value has declined by over $800 billion since the start of the year.The automaker&rsquo;s Q1&nbsp;results&nbsp;released show revenues hit $19.34 billion, missing Wall Street&nbsp;<a data-ct-non-breakable="null" href="https://www.zacks.com/stock/news/2453237/compared-to-estimates-tesla-tsla-q1-earnings-a-look-at-key-metrics?art_rec=quote-stock_overview-zacks_news-ID01-txt-2453237" rel="null" target="null" text="null" title="null">estimates</a> by 7.85% and marking a 9.2% fall from the same period last year.However, the firm <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tesla-holds-onto-bitcoin-musk-time-doge-to-drop-significantly" rel="null" target="null" text="null" title="null">held onto its Bitcoin</a> during the first quarter of 2025. Tesla&rsquo;s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1, alongside Bitcoin&rsquo;s&nbsp;11.56% price fall to $82,514 over the same time.Musk, who also runs SpaceX, Neuralink, and the recently merged X and xAI, has <a data-ct-non-breakable="null" href="https://www.bbc.com/news/articles/c23vkd57471o" rel="null" target="null" text="null" title="null">agreed</a> to shift more of his time back to Tesla in response to shareholder pressure. According to reports, he is now advising DOGE remotely and has scaled back his physical presence in Washington.Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/elon-musk-sells-x-twitter-to-xai-amid-fraud-lawsuit" rel="null" target="null" text="null" title="null">Elon Musk&rsquo;s sale of X to xAI just made fraud lawsuit &rsquo;a lot spicer&rsquo;</a><h2>Crypto executives lash out at WSJ</h2>Musk&rsquo;s backlash against the WSJ adds to a growing chorus of criticism from crypto executives who have recently accused the outlet of misleading coverage and bias against the <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/what-is-a-cryptocurrency-a-beginners-guide-to-digital-money" rel="null" target="null" text="null" title="null">digital asset industry</a>.On April 12, Binance&rsquo;s former CEO Changpeng Zhao&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/news/zhao-claps-back-baseless-plea-deal-allegations" rel="" target="_self" text="null" title="https://cointelegraph.com/news/zhao-claps-back-baseless-plea-deal-allegations">dismissed a WSJ report</a> that claimed he has agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ).&ldquo;WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn&rsquo;t,&rdquo; Zhao wrote in an April 12 X&nbsp;post. &ldquo;People who become gov witnesses don&rsquo;t go to prison. They are protected. I heard someone paid WSJ employees to smear me.&rdquo;<figure><img alt="&lsquo;Bad breach of ethics&rsquo; &mdash; Musk echoes crypto execs in backlash against WSJ" src="https://s3.cointelegraph.com/uploads/2025-05/01968aa3-78a1-70ad-ab37-8c04291db525" title=""><figcaption style="text-align: center;">Soruce: CZ</figcaption></figure>In March 2023, Tether also <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/tether-strikes-at-wsj-over-stale-allegations-of-faked-documents-for-bank-accounts" rel="null" target="null" text="null" title="null">rejected a WSJ report</a> alleging it used fake documents and shell companies to maintain banking access, calling the claims &ldquo;stale,&rdquo; &ldquo;inaccurate,&rdquo; and &ldquo;misleading.&rdquo;Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/cz-hits-back-at-wsj-hong-kong-crypto-etfs-take-50b-equivalent-asia-express/" rel="null" target="null" text="null" title="null">Binance hits back at WSJ, Hong Kong crypto ETF&rsquo;s take &lsquo;$50B equivalent&rsquo;: Asia Express</a><template data-name="subscription_form" data-type="crypto_biz" label="Subscription Form: Crypto Biz Newsletter"></template>

Tesla CEO Elon Musk has lashed out at The Wall Street Journal (WSJ), calling the publication’s latest report “an EXTREMELY BAD BREACH OF ETHICS,” after it claimed the Tesla board was actively seeking his replacement as CEO.
The report, published on April 30, alleged that the board had approached recruitment firms due to concerns over Musk’s political activity and split focus across multiple ventures.
Musk took to X to denounce the article, stating that the WSJ deliberately published false information while knowingly excluding an “unequivocal denial” from Tesla’s board.
Tesla board chair Robyn Denholm also issued a strong rebuttal early Thursday morning, posting on Tesla’s official X account that the board had not contacted recruiters.
“This is absolutely false,” she said. “The CEO of Tesla is Elon Musk and the Board is highly confident in his ability to continue executing on the exciting growth plan ahead.”
Musk and Tesla board dismissing WSJ report. Source: Elon Musk
Related: WSJ debacle fueled US lawmakers’ ill-informed crusade against crypto
Musk under scrutiny for role in DOGE
The WSJ’s report comes amid growing scrutiny of Musk’s political involvement, particularly his advisory role in US President Donald Trump’s Department of Government Efficiency (DOGE).
Critics argue that his involvement with the Trump administration has hurt Tesla’s brand, especially in international markets. Tesla’s first-quarter profit plunged 71%, and its market value has declined by over $800 billion since the start of the year.
The automaker’s Q1 results released show revenues hit $19.34 billion, missing Wall Street estimates by 7.85% and marking a 9.2% fall from the same period last year.
However, the firm held onto its Bitcoin during the first quarter of 2025. Tesla’s digital asset holdings dropped 11.61% in value from $1.076 billion to $951 million in Q1, alongside Bitcoin’s 11.56% price fall to $82,514 over the same time.
Musk, who also runs SpaceX, Neuralink, and the recently merged X and xAI, has agreed to shift more of his time back to Tesla in response to shareholder pressure. According to reports, he is now advising DOGE remotely and has scaled back his physical presence in Washington.
Related: Elon Musk’s sale of X to xAI just made fraud lawsuit ’a lot spicer’
Crypto executives lash out at WSJ
Musk’s backlash against the WSJ adds to a growing chorus of criticism from crypto executives who have recently accused the outlet of misleading coverage and bias against the digital asset industry.
On April 12, Binance’s former CEO Changpeng Zhao dismissed a WSJ report that claimed he has agreed to provide evidence against Tron founder Justin Sun as part of a plea deal with the United States Department of Justice (DOJ).
“WSJ is really TRYING here. They seem to have forgotten who went to prison and who didn’t,” Zhao wrote in an April 12 X post. “People who become gov witnesses don’t go to prison. They are protected. I heard someone paid WSJ employees to smear me.”
Soruce: CZ
In March 2023, Tether also rejected a WSJ report alleging it used fake documents and shell companies to maintain banking access, calling the claims “stale,” “inaccurate,” and “misleading.”
Magazine: Binance hits back at WSJ, Hong Kong crypto ETF’s take ‘$50B equivalent’: Asia Express

Elon Musk strongly criticized The Wall Street Journal (WSJ) for its report claiming Tesla's board was seeking his replacement, calling it an "EXTREMELY BAD BREACH OF ETHICS." Musk accused the WSJ of publishing false information, sparking backlash from crypto executives who echoed his sentiments.  

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