XRP Bulls Eye $5 as SEC ETF Filing Sparks Hope

XRP, the native cryptocurrency of Ripple, has been making waves in the crypto market, with its price prediction drawing significant attention. The recent acknowledgment of a spot XRP ETF filing by the U.S. Securities and Exchange Commission (SEC) has sparked speculation that XRP could potentially breach the $5 barrier. With XRP's Relative Strength Index (RSI) hovering around 40%, a level often associated with a bullish rally, investors are eagerly awaiting the next big move.

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The SEC's acknowledgment of the spot XRP ETF filing, submitted by Cboe BZX Exchange on behalf of Bitwise, has triggered a 21-day public comment period. Following this, the SEC will decide whether to approve, reject, or initiate further review of the ETF. This move comes as the newly formed SEC crypto task force, led by Republican Commissioner Hester Peirce, works to establish a more defined regulatory framework for digital assets.

Market analysts are closely monitoring XRP's momentum, with Matrixport analysts highlighting the RSI near 40% as a potential signal for an incoming rally. If market conditions align and ETF approvals move forward, traders believe a run toward $5 is within reach, although volatility remains a key factor. Recent shifts in SEC enforcement priorities, following leadership changes, have also led to speculation that the agency may pause or withdraw its Ripple appeal, further easing regulatory uncertainty.

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JetBolt's ecosystem also features an engagement-based staking mechanism called Proof of Attendance and Worth (PAW) protocol. Unlike traditional staking, PAW rewards active st