XRP News Today: XRP Price Could Surge 100% to 200% With ETF Approval

The recent conclusion of the SEC vs Ripple case has shifted the focus of the cryptocurrency community towards the potential approval of XRP ETFs and its impact on the price of XRP. Currently trading at approximately $2.18, XRP has seen a modest increase in recent trading sessions following Ripple's decision to drop its appeal in the legal battle with the SEC.

According to prediction market Polymarket, the odds of a Ripple ETF going live in 2025 are high, with traders giving it a probability of around 77%. This expectation is based on the historical performance of Bitcoin, which rallied from $40,000 to over $100,000 in less than a year after the SEC approved spot Bitcoin ETFs in early 2024. This rally was fueled by institutional inflows and renewed media attention, leading some to speculate that XRP could be next in line for a significant price increase.

Analysts have offered varying predictions on the potential impact of ETF approval on XRP's price. In a conservative scenario, where XRP follows a similar trajectory to Bitcoin, the cryptocurrency could reach between $5.50 and $6.00 within 12 months of ETF approval. This projection assumes a steady but moderate increase in value, similar to the historical performance of Bitcoin following significant regulatory developments. However, in an optimistic scenario, where institutional adoption accelerates, XRP's price could surge to much higher levels. Some analysts have suggested that XRP could rise between 100% and 200% from its current price, potentially hitting $6.99 to $10 if an ETF or Ripple IPO materializes. This optimistic outlook is based on the assumption that institutional investors will flock to XRP, driving up demand and, consequently, its price.

The near-term outlook for XRP's price is heavily dependent on the SEC's plans regarding its appeal and the progress of XRP-spot ETF developments. A breakout from the current price level of $2.20 and the 50-day Exponential Moving Average could signal a bullish trend, potentially leading to further price increases. However, the ongoing legal uncertainty surrounding the Ripple lawsuit has affected investor confidence, with some analysts predicting that XRP's price could surpass $3 at some point following ETF approval. The approval of an XRP ETF would likely result in a significant price surge, as many analysts predict that the token could surpass $3.

In summary, the potential approval of XRP ETFs has the potential to significantly impact the price of XRP. While conservative estimates suggest a moderate increase to between $5.50 and $6.00 within 12 months of approval, more optimistic projections point to a potential surge to $6.99 to $10, driven by institutional adoption. The near-term outlook for XRP's price hinges on the SEC's appeal plans and the progress of XRP-spot ETF developments. Investors and analysts alike will be closely monitoring these developments, as they could have a profound impact on the future of XRP and the broader cryptocurrency market.