XRP News Today: XRP Surges 10% as SEC Approves New ETF Including Ripple

The cryptocurrency market has seen significant developments with the approval of a new Exchange-Traded Fund (ETF) that includes Ripple's XRP. The Securities and Exchange Commission (SEC) has given the green light to this ETF, which also includes Bitcoin, Ethereum, Solana, and Cardano. This move is expected to mark a milestone for the industry, as it provides a regulated investment vehicle for institutional investors who have been cautious about entering the cryptocurrency market due to regulatory uncertainties.

This approval has boosted investor confidence in XRP, which is currently trading at a critical juncture around the $2.20 mark. The bullish sentiment is further supported by a technical analysis that indicates a potential breakout from a bullish triangle pattern, which could propel XRP to new heights. The ETF approval is expected to attract a new wave of investors, potentially driving up the demand for XRP and pushing its price higher.

Since the ETF news broke, XRP price action has picked up. The coin broke through a key resistance zone between $2.19 and $2.20, and traders are watching closely to see if it can confirm this as new support. If XRP stays above $2.20, the next major resistance level is around $2.25, with analysts forecasting a possible wick toward $2.32 to $2.35, an area where sellers may exert pressure. If XRP fails to maintain this level, it could slip back toward $2.10 or even $2.05, resetting the trend.

Market expert Casi Trades said, “After hitting $2.30, XRP couldn’t hold $2.25 as support and is now retesting the top of its prior consolidation around $2.18 to $2.16. This level is crucial. If it breaks below, the next support sits near $1.90.” However, early signs show that sellers are weakening, suggesting that this pullback could be temporary. A strong reclaim of $2.25 could clear the path toward $2.69 and beyond, potentially kickstarting a fresh rally for XRP holders.

With Grayscale’s multi-crypto ETF paving the way, traders are increasingly betting that individual spot XRP ETFs could follow, boosting institutional exposure and liquidity for Ripple’s native token. The coming days will be critical for XRP’s trend. Whether it defends the $2.19 to $2.20 support will likely set the tone for a larger move heading into the second half of 2025.

The legal battle between Ripple and the SEC has also been a significant factor influencing XRP's price. As the lawsuit nears its conclusion, there is growing optimism that a favorable outcome could lead to a surge in XRP's price. Some experts predict that XRP could reach as high as $40 if the court rules in Ripple's favor, citing the potential for a new all-time high. The bullish pattern observed in XRP's price chart further supports this optimistic outlook, with key support levels at $2.08 and $2.20 acting as crucial barriers that could prevent a significant drop in price.

However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly based on various factors. While the ETF approval and the potential resolution of the SEC lawsuit are positive developments for XRP, investors should remain cautious and conduct thorough research before making any investment decisions. The market's reaction to these developments will ultimately determine XRP's price trajectory in the coming months.