XRP Price Prediction: How High Will It Go Amid ETF and Regulatory Buzz?

XRP Price Prediction

XRP Technical Analysis: Key Indicators and Trends

According to BTCC financial analyst James, XRP is currently trading at 2.1853 USDT, below its 20-day moving average (MA) of 2.3727, indicating a short-term bearish trend. The MACD (12,26,9) shows a positive histogram at 0.0736, but the signal line is slightly negative at -0.0013, suggesting potential consolidation. Bollinger Bands reveal the price is NEAR the lower band (2.1778), which could act as support. If XRP holds above this level, a rebound toward the middle band (2.3727) is possible.

XRP Market Sentiment: ETF Hype and Regulatory Optimism

BTCC financial analyst James notes that XRP’s price sentiment is buoyed by ETF speculation and regulatory progress. News highlights include Grayscale’s proposal to convert its $16.1B XRP Trust into an ETF and Ripple CEO Brad Garlinghouse’s Optimism about bipartisan crypto regulation. Analysts are targeting prices as high as $8, though James cautions that technical resistance near $2.57 (upper Bollinger Band) may cap short-term gains.

Factors Influencing XRP’s Price

XRP Price Analyst Targets $8 as ETF Approval Speculation Intensifies

XRP’s price is trading 8% above its $2.26 lows reached on Feb. 7, up 2% over the last 24 hours. With increasing hopes of a spot XRP ETF approval in the United States, traders are closely analyzing its next potential move. A crypto analyst, CoinsKid, explained that XRP price action is undergoing a complex expanded flat correction since December 2024, and the price is nearing the final leg of a critical wave structure, which could result in an eventual correction.

Ripple CEO Brad Garlinghouse Reacts to SEC Acknowledging XRP ETF Proposal

Ripple CEO Brad Garlinghouse has responded to the SEC’s acknowledgment of Grayscale’s application to convert XRP into an ETF, calling it an ’inevitable’ development. Garlinghouse has long predicted that a spot XRP ETF would be approved in the U.S., despite initial doubts. Ripple President Monica Long also expressed confidence in XRP’s chances for spot ETF approval. Analyst Nate Geraci noted that the SEC’s consideration of the product, amidst ongoing litigation with Ripple, sends a significant message about XRP.

Ripple CEO Optimistic About Bipartisan Crypto Regulation Progress in Washington

Ripple CEO Brad Garlinghouse expressed optimism about the progress of crypto regulations in the United States after engaging with lawmakers in Washington, D.C. He met with several policymakers, including Senators Tim Scott and Chuck Schumer, and Representatives French Hill, Ritchie Torres, and Bill Huizenga. The discussions highlighted a rare opportunity to advance bipartisan legislation for a well-defined regulatory framework for digital assets. Garlinghouse described the talks as promising, noting lawmakers’ openness to regulations that balance innovation and market stability.

Ripple (XRP) Price Surge: Potential to Reach $3.40 for Investors

XRP is showing upward momentum, with key resistance levels at $2.75 and $3.40, potentially surpassing $3.00 soon. Technical analysis suggests an ‘M’ pattern with a bearish target of $2.21, but market makers’ influence may skew chart data. XRP’s current bullish trend hinges on breaking $2.75, with a move above $3.40 likely to attract more traders and further price gains.

Ripple Whales Move 430M XRP as Regulatory Shift Gains Momentum

Large XRP transactions totaling 430 million have sparked discussions in the crypto community. Ripple transferred 300 million XRP to an unknown wallet, and an additional 90 million XRP was moved between unidentified wallets within hours. The transactions have raised speculation among analysts regarding market liquidity and investor sentiment.

Grayscale Seeks to Convert $16.1B XRP Trust to ETF

Grayscale Investments, a leading digital currency asset manager, has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to convert its $16.1 billion XRP Trust into a spot ETF. The move, if approved, would significantly broaden investor access to XRP, the native token of the RippleNet payment network. The proposal, submitted by NYSE Arca, includes safeguards such as pricing mechanisms, regulatory compliance measures, and enhanced transparency to ensure investor protection. The SEC has up to 90 days to review the application, making this a potential milestone for XRP’s integration into traditional financial markets.

XRP Price Surge and Outlook for February 15th

XRP has experienced a significant bullish performance, climbing over 11% in 24 hours to reach $2.78. The trading volume has also surged, indicating heightened market activity and investor interest. This upward trend is supported by growing speculation around the potential approval of an XRP exchange-traded fund (ETF).

XRP’s Potential Price Rally

XRP could see a significant price rally if it breaks through the $3.40 resistance level, potentially reaching between $15 and $17. The bullish pennant chart pattern and the yellow support line are key factors influencing this possible upward momentum. However, failure to break the resistance level leaves market sentiment uncertain.

How High Will XRP Price Go?

BTCC analyst James suggests XRP could test $3.40 if bullish momentum continues, but warns of resistance at the 20-day MA (2.3727) and upper Bollinger Band (2.5675). Key factors include: