Bloomberg Analyst Says XRP ETF Approval Odds Now 100% as Expert Eyes $33 Rally

Bloomberg analyst Eric Balchunas now says the odds of approval of crypto spot ETFs, including the XRP ETF, are virtually guaranteed. This momentum has led to bullish sentiment, with an expert projecting a potential surge in the token’s value toward $33.

Bloomberg Analyst Hints XRP ETF Approval Inevitable

In a recent X post, Bloomberg’s Eric Balchunas revealed that the odds of crypto ETF approvals have effectively hit 100%. This hints that the long-awaited multiple XRP ETF filings from asset managers could be approved soon.

He explained that the adoption of “generic listing standards” has rendered the traditional 19b-4 filings obsolete. This essentially simplifies the process, leaving only the final green light from the commission’s Corporation Finance division. Balchunas also noted that issuers, including those tied to Solana, are already filing updated S-1 amendments, signaling the finish line could be near.

However, his colleague, James Seyffart, had warned that an impending U.S. government shutdown might complicate the timing of approvals. Still, he suggested the structural changes in the filing process make eventual clearance highly likely.

Adding further clarity, the SEC has asked issuers to withdraw their 19b-4 filings. With the new rules, those applications are no longer required. This effectively removes one of the biggest procedural hurdles. 

The spotlight now turns to October, when the SEC will review six spot XRP ETF applications within a single week. Grayscale’s submission leads the pack on October 18, followed by 21Shares, Bitwise, Canary Capital, and CoinShares over the following days, with WisdomTree closing out reviews on October 24.

In a bid to speed up the process, the commission retracted delay notices for XRP, SOL and other crypto ETF products. This particularly points to a potential final decision to come.

To reinforce Balchunas’ claims, Polymarket approval odds for XRP ETF now sit above 99%. This further suggests that clearance is more a matter of “when” than “if.”

Expert Projects $33 XRP Price Target

Crypto expert EGRAG Crypto has made another bullish projection for the XRP price, building on its momentum. He predicted that the token could climb as high as $33 in its next cycle. 

In past cycles, the altcoin delivered gains of 350% in 2017 and over 100% in 2021 under similar setups. EGRAG suggests that a comparable rally could begin as early as late November 2025.

The token’s fundamentals and ecosystem are also gaining strength. For instance, XRPL has undergone major upgrades. These upgrades will allow for more advanced financial tools on the blockchain, including tokenized swaps linked to BlackRock’s BUIDL fund and VanEck’s VBill product.

Adding to the bullish backdrop, reports surfaced that a French finance insider acquired XRP worth roughly $48 million in a single purchase. According to analysts, this is a part of a larger trend of institutional players accumulating assets in anticipation of major developments in the market.

Amid these developments and a potential October XRP ETF approval, many investors are gearing up for what could be a pivotal month. Nate Geraci, president of ETF Store, echoed that outlook, calling the next few weeks “enormous” for crypto ETFs.