XRP News: Canary Capital Files for XRP ETF Approval, Predicting Future Price Surge

In a move that could revolutionize the accessibility and potential appreciation of XRP, Canary Capital has filed for approval of an XRP Exchange Traded Fund (ETF). Here’s a closer look at the implications and potential price predictions for the cryptocurrency.

XRP Price Prediction: Canary Capital Files for XRP ETF Approval

Investors are eagerly anticipating the approval of Canary Capital’s potential XRP ETF, which could make XRP more accessible to everyday investors and drive its price higher. Currently trading around $2.30, technical analysis suggests that with increased institutional investor interest, XRP could reach $5-$7 in coming years. The ETF approval could significantly impact XRP’s price in 2025, potentially following Bitcoin’s market cycles and investor confidence.

Ripple (XRP) Shows Massive Bullish Potential

Ripple (XRP) mainly transforms cross-border payments and financial settlements. The asset is at the heart of optimistic expectation as market trends favor digital assets. Popular crypto expert Egrag Crypto has projected that XRP may reach $27 or as high as $72 by 2029. To reach these price targets, XRP must pass significant resistance zones such as $2.62, $3.00, and $3.40. Historically, overcoming these psychological resistance points has been important in deciding the price path of XRP.

Why Holding Less Than 1,000 XRP in 2025 Might Be a Costly Mistake

Edoardo Farina, the founder of Alpha Lions Academy, argues that owning at least 1,000 XRP is crucial for future financial freedom. He highlights XRP’s potential to skyrocket if integrated with SWIFT or the $1.2 quadrillion market and compares it to early Bitcoin, urging investors to accumulate before mainstream adoption. Farina emphasizes that with just 2,503 XRP, an investor lands among the top 10% of XRP wallet holders, a milestone he believes is well within reach for many.

LMAX Digital Adds Ripple USD Stablecoin for Institutional Clients

LMAX Group, a provider of institutional execution venues for FX and digital asset trading, has announced that LMAX Digital clients can now access Ripple USD (RLUSD) Stablecoin. This addition is part of LMAX Group’s ongoing effort to expand its institutional trading infrastructure and offer better access to highly liquid assets in a transparent market environment. Meanwhile, the XRPUSD H1 chart indicates an upward price movement following a bounce at a horizontal level, with potential resistance and further upward movement upon breakout.