The Illinois-based investment firm Amplify ETFs, with an asset management scale of $12.6 billion, has submitted an innovative XRP Options Income ETF application. This product generates monthly income through a covered call options strategy, significantly differing from a traditional Spot ETF that directly holds assets. Although the SEC has not yet approved any Spot XRP ETFs, industry commentators believe this innovative structure might gain approval more quickly. Meanwhile, Polymarket's prediction market shows that the probability of a Spot XRP ETF being approved by 2025 remains as high as 90%. Technical analysis indicates that if the XRP price can break through the $2.92 resistance level, it may test the key resistance at $3.05.
The XRP ETF submitted by Amplify ETFs adopts an Options Income strategy, which differs from conventional Spot ETFs that directly hold the underlying assets. This product generates stable monthly income primarily through the use of a covered calls strategy. Such ETFs typically expose themselves to the underlying assets in some form (which can include direct purchases), sell call options on the holdings to collect premiums, and distribute the income as monthly payouts to investors. Options expire monthly, allowing the ETF to reset its strategy at the end of each month and regularly pay income to shareholders, resulting in predictable but capped returns. Therefore, monthly options income ETFs rely more on stable monthly income rather than significant increases in the underlying asset prices.
SEC Regulatory Environment Shift Innovative Products May Get Approved Faster
In 2025, there will be significant changes in the leadership of the SEC and its approach to cryptocurrency regulation in the United States. The departure of Gary Gensler, who conducted a comprehensive crackdown on the industry, will lead the regulatory agency to adopt a milder approach, resulting in the dismissal of countless lawsuits, including a positive resolution in the SEC v. Ripple case. However, the agency has yet to approve a Spot XRP ETF, despite the fact that many futures-based products have already been listed. To date, the SEC continues to delay decisions on all applications. Many industry participants and commentators point out that Amplify ETFs' application may be approved faster due to its differences from a conventional Spot XRP ETF. Nevertheless, prediction markets and experts still believe that the SEC will approve a Spot XRP ETF this year. Polymarket data shows that the probability of such products landing in the U.S. market in 2025 is nearly 90%.
XRP Technical Analysis Key Levels 2.92 USD as the Bull-Bear Watershed
(Source: TradingView)
XRP price attempts to recover above the $2.72 region, currently rising, and if it breaks through the $2.88 resistance, it may accelerate upwards. The price climbs above the $2.75 and $2.80 resistance levels, breaking the 23.6% Fibonacci retracement level from the swing high of $3.04 to the low of $2.70. However, the price seems to face obstacles near $2.88, with a bullish trend line forming a support level at $2.825 on the hourly chart. The price is currently trading above $2.80 and the 100-hour simple moving average. If the bulls protect the $2.78 support, the price may attempt to rise again. On the upside, the price may face resistance near $2.87.
Important Resistance and Support Level Distribution Breaking through $3.05 may initiate a new rise
The first major resistance level is near $2.92, which is the 61.8% Fibonacci retracement level from the swing high of $3.04 to the low of $2.70. A clear breakout above the $2.92 resistance could drive the price towards the $2.98 resistance. Further rises may push the price to challenge the $3.00 resistance. The next major obstacle for the bulls is near $3.05. If the $2.92 resistance area is not broken, it may continue to decline. Initial support on the downside is near $2.82. The next major support is around $2.78. If there is a downward breakout and closes below $2.78, the price may continue to fall towards $2.70. The next major support is in the $2.65 area, and a break below it could gain bearish momentum.
Technical indicators show mixed signals: the hourly MACD has now lost momentum in the bearish zone, indicating a weakening of short-term momentum; the hourly RSI is now above the 50 level, reflecting gradually increasing buying pressure. Major support levels are distributed at $2.78 and $2.70, with major resistance levels concentrated at $2.87 and $2.92. These technical levels, combined with the news of the options yield ETF application, may provide new catalysts for XRP prices.
Conclusion
Amplify's Options Yield ETF application offers new ideas for XRP investment product innovation, attracting risk-averse investors through structured yield strategies. Although there are essential differences from Spot ETFs, it may open new avenues amidst the stagnation of SEC approvals. The technical analysis shows that XRP is at a critical decision point, and the breakout direction in the $2.78-$2.92 range will determine the short-term trend. Investors need to closely monitor the SEC's approval attitude towards innovative products and the changes in Polymarket prediction probabilities, as these factors may collectively drive XRP to break through the $3 mark.
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Amplify submits XRP Options revenue ETF application; Spot ETF approval probability for 2025 remains at 90% | Latest XRP news
The Illinois-based investment firm Amplify ETFs, with an asset management scale of $12.6 billion, has submitted an innovative XRP Options Income ETF application. This product generates monthly income through a covered call options strategy, significantly differing from a traditional Spot ETF that directly holds assets. Although the SEC has not yet approved any Spot XRP ETFs, industry commentators believe this innovative structure might gain approval more quickly. Meanwhile, Polymarket's prediction market shows that the probability of a Spot XRP ETF being approved by 2025 remains as high as 90%. Technical analysis indicates that if the XRP price can break through the $2.92 resistance level, it may test the key resistance at $3.05.
Options Income ETF Innovative Structure Monthly Options Strategy Generates Stable Returns
The XRP ETF submitted by Amplify ETFs adopts an Options Income strategy, which differs from conventional Spot ETFs that directly hold the underlying assets. This product generates stable monthly income primarily through the use of a covered calls strategy. Such ETFs typically expose themselves to the underlying assets in some form (which can include direct purchases), sell call options on the holdings to collect premiums, and distribute the income as monthly payouts to investors. Options expire monthly, allowing the ETF to reset its strategy at the end of each month and regularly pay income to shareholders, resulting in predictable but capped returns. Therefore, monthly options income ETFs rely more on stable monthly income rather than significant increases in the underlying asset prices.
SEC Regulatory Environment Shift Innovative Products May Get Approved Faster
In 2025, there will be significant changes in the leadership of the SEC and its approach to cryptocurrency regulation in the United States. The departure of Gary Gensler, who conducted a comprehensive crackdown on the industry, will lead the regulatory agency to adopt a milder approach, resulting in the dismissal of countless lawsuits, including a positive resolution in the SEC v. Ripple case. However, the agency has yet to approve a Spot XRP ETF, despite the fact that many futures-based products have already been listed. To date, the SEC continues to delay decisions on all applications. Many industry participants and commentators point out that Amplify ETFs' application may be approved faster due to its differences from a conventional Spot XRP ETF. Nevertheless, prediction markets and experts still believe that the SEC will approve a Spot XRP ETF this year. Polymarket data shows that the probability of such products landing in the U.S. market in 2025 is nearly 90%.
XRP Technical Analysis Key Levels 2.92 USD as the Bull-Bear Watershed
(Source: TradingView)
XRP price attempts to recover above the $2.72 region, currently rising, and if it breaks through the $2.88 resistance, it may accelerate upwards. The price climbs above the $2.75 and $2.80 resistance levels, breaking the 23.6% Fibonacci retracement level from the swing high of $3.04 to the low of $2.70. However, the price seems to face obstacles near $2.88, with a bullish trend line forming a support level at $2.825 on the hourly chart. The price is currently trading above $2.80 and the 100-hour simple moving average. If the bulls protect the $2.78 support, the price may attempt to rise again. On the upside, the price may face resistance near $2.87.
Important Resistance and Support Level Distribution Breaking through $3.05 may initiate a new rise
The first major resistance level is near $2.92, which is the 61.8% Fibonacci retracement level from the swing high of $3.04 to the low of $2.70. A clear breakout above the $2.92 resistance could drive the price towards the $2.98 resistance. Further rises may push the price to challenge the $3.00 resistance. The next major obstacle for the bulls is near $3.05. If the $2.92 resistance area is not broken, it may continue to decline. Initial support on the downside is near $2.82. The next major support is around $2.78. If there is a downward breakout and closes below $2.78, the price may continue to fall towards $2.70. The next major support is in the $2.65 area, and a break below it could gain bearish momentum.
Technical indicators show momentum shift Hourly RSI stands above 50 midline
Technical indicators show mixed signals: the hourly MACD has now lost momentum in the bearish zone, indicating a weakening of short-term momentum; the hourly RSI is now above the 50 level, reflecting gradually increasing buying pressure. Major support levels are distributed at $2.78 and $2.70, with major resistance levels concentrated at $2.87 and $2.92. These technical levels, combined with the news of the options yield ETF application, may provide new catalysts for XRP prices.
Conclusion
Amplify's Options Yield ETF application offers new ideas for XRP investment product innovation, attracting risk-averse investors through structured yield strategies. Although there are essential differences from Spot ETFs, it may open new avenues amidst the stagnation of SEC approvals. The technical analysis shows that XRP is at a critical decision point, and the breakout direction in the $2.78-$2.92 range will determine the short-term trend. Investors need to closely monitor the SEC's approval attitude towards innovative products and the changes in Polymarket prediction probabilities, as these factors may collectively drive XRP to break through the $3 mark.