XRP News Today: XRP Price Surges 20% Amid ETF Approval Hopes

XRP’s price trajectory has become a hot topic of debate, especially with the growing anticipation that the U.S. Securities and Exchange Commission (SEC) might soon approve a spot XRP exchange-traded fund (ETF). Market observer Xaif recently sparked a lively discussion on X by asking, “What will be the XRP price when the SEC approves the first U.S. Spot $XRP ETF? $10? $50? $100?” While there is no definitive answer, this question has reignited conversations among analysts, traders, and crypto investors about the potential upside of XRP.

Currently, XRP is trading around $2.18, showing a significant rebound from its multi-year lows during Ripple’s legal battle with the SEC. This bullish momentum reflects increasing confidence that Ripple’s regulatory challenges may soon be resolved. The court’s declaration in 2023 that XRP is not a security when sold to retail investors, along with the likelihood of the SEC dropping its remaining appeal, has cleared the path for institutional adoption. This optimistic outlook has helped XRP maintain a price floor above the $2 mark, with technical analysts watching closely for a breakout above $2.30, which could trigger a rapid rally, especially in anticipation of a landmark regulatory approval like an ETF.

The idea of a spot XRP ETF is no longer far-fetched. Following the SEC’s approval of multiple spot Bitcoin and Ethereum ETFs, the odds for an XRP version have surged. Financial institutions including Grayscale, Franklin Templeton, and Bitwise have expressed growing interest in XRP, some already holding the asset within multi-token funds like the Grayscale GDLC, which itself received SEC clearance. An ETF would open the floodgates for institutional capital to pour into XRP, offering traditional investors seamless exposure through regulated platforms. It would also increase liquidity, reduce volatility over time, and potentially elevate XRP’s status as a mainstream financial asset. Ripple CEO Brad Garlinghouse has emphasized that ETFs are key to bridging the gap between traditional finance and blockchain technology, and the approval of one for XRP would be seen as a strong endorsement of its utility and long-term potential.

In light of a possible ETF approval, speculation about price targets has reached new heights. Analysts have projected XRP could surge to as high as $8–$10 shortly after an ETF launch, with some models suggesting even more aggressive targets in the $20–$27 range based on historical ETF-driven rallies. The approval of spot ETFs for both Bitcoin and Ethereum triggered immediate price appreciation and massive inflows. Many believe XRP could follow a similar pattern, particularly given its utility in cross-border transactions and the support of Ripple’s expanding ecosystem. Still, projections beyond $50 or even $100 per XRP remain highly speculative. Such valuations would likely require transformative adoption of XRP as a global liquidity asset, integration into central bank digital currency frameworks, or widespread use across financial institutions for real-world settlements. While not impossible, these scenarios hinge on macroeconomic factors, regulatory clarity, and technological infrastructure not yet fully realized.

Xaif’s post reflects the collective curiosity and bullish energy pulsing through the XRP community. At $2.18, XRP remains within striking distance of new yearly highs. The looming possibility of a U.S. spot XRP ETF, once thought improbable, is now viewed by many as a near certainty. As institutional sentiment shifts and the legal landscape improves, the case for XRP’s revaluation gains strength. Whether it hits $10, $50, or even $100, the approval of the first XRP ETF would undoubtedly represent a watershed moment, one that could redefine XRP’s place in the digital asset hierarchy.