XRP Price Prediction: ETF Approval & SEC Showdown – Is a 2025 Breakout Imminent?
Ripple's XRP stands at a make-or-break moment as two seismic events converge—potential ETF approval and the final act of the SEC legal drama. The crypto market holds its breath.
ETF Fever Hits XRP
Wall Street's recent obsession with crypto ETFs could catapult XRP into the big leagues. Approval would flood the market with institutional cash—assuming the SEC doesn't move the goalposts again.
SEC Endgame: Relief or Ruin?
The years-long legal battle nears its climax. A favorable ruling would unleash pent-up demand, while an adverse decision might send XRP holders scrambling—proving once again that regulators are crypto's ultimate 'kill switch'.
Price Watch: All Bets Are On
Traders are pricing in both outcomes, creating volatility that'd give a traditional finance quant nightmares. One thing's certain—when the dust settles, XRP won't be the same asset it was yesterday.
XRP price rebounded more than 3.40% in an hour in the US hours on Friday after crypto options expired on August 1.
This sudden spike occurred after a 48-hour crash that saw the price hit a low of $2.90. At press time, the coin was down 2% and was trading at $2.93.
Is this really a recovery or xrp price rising in response to the closing of short positions by traders?
The crypto community must keep an eye on massive trading volume combined with positive XRP news to confirm a recovery.
XRP Price Still Strong Despite Crash to $2.90
XRP price remained in the profit-booking stage after hitting an all-time high (ATH) of $3.65 in mid-July. Ripple co-founder Chris Larsen degraded the positive sentiment.
XRP expanded its fall to over 20% after it dropped 8% in the last 24 hours. In the monthly timeframe, XRP dominance remains bullish above 4.5%.
Analyst Egrag Crypto noted that XRP dominance broke out recently, which created a bullish pennant formation. He also shared $2.65, $2.30, and $1.80 next target to consider the upside momentum.
Popular analyst Ali Marinez predicted that XRP formed a double bottom pattern. Investors looking to buy the dip must keep an eye on $3.30.
If this level is broken, XRP price could get a clear signal for a rally towards $3.60. This could set the stage for a new ATH above $4.
Recently, he also predicted that XRP may drop to $3 if it loses the support level at $3.15. However, he asserted that this WOULD be a solid buy-the-dip opportunity for investors.
High Odds of XRP ETF Launch Post Rule Change
Grayscale, Bitwise, Canary, 21Shares, WisdomTree, CoinShares, and Franklin Templeton await the US SEC’s decision on the approval of an XRP ETF.
Bloomberg ETF analysts set 90% odds of approval by mid-October. However, Bloomberg senior ETF analyst Eric Balchunas revealed that the SEC’s new Listing Standards for crypto ETPs.
Under this, any altcoin with over six months of futures trading on Coinbase would get approval faster.
XRP ETF would trigger a massive rally in price due to support from institutional investors. As per research, institutions seek exposure to top altcoins such as XRP after the SEC dropped the long-running lawsuit.
Ripple SEC Case Resolution as Key Turning Point
As reported by The Coin Republic, Ripple vs SEC settlement delay impacted sentiment among investors.
No developments happened after Judge Analisa Torres dismissed a request to drop the injunction and reduce the penalty.
The SEC will file a status report in the 2nd Circuit Court by August 15. The SEC and Ripple could drop their appeals, triggering XRP price rally.
Former SEC lawyer Marc Fagel clarified that the SEC needs to vote to approve the lawsuit dismissal. Following it, $125 million in civil penalty kept in escrow will be released to the US Treasury.
This would result in an increase in XRP price supported by massive trading volume. The market would witness an uptrend similar to the summary judgment on July 13, 2023.
XRP price was still down nearly 2% after the rebound, trading at $2.9 at the time of writing. The 24-hour low and high were $2.90 and $3.13, respectively.
The derivatives market showed selling continued in the last few hours despite rebound, as per CoinGlass data. At the time of writing, the total XRP futures open interest dropped 7% to $7.79 billion.
