Key Highlights
- Price Surge: XRP gains 5% in 24 hours, hitting $2.29 amid ETF approval news.
- Regulatory Delay: SEC pauses Grayscale ETF approval pending clearer ETP frameworks.
- Technical Indicators: Bullish signals emerge with RSI at 60 and MACD nearing positive territory.
- Long-Term Growth: Analysts project XRP could reach $3.50 by year-end, with potential spot ETF approvals fueling further rallies.
Recent Performance and Market Drivers
XRP has outperformed the broader crypto market with a 5% increase over the past day, bringing its price to $2.29. This upward momentum follows the Grayscale Digital Large Cap ETF approval, which includes XRP among its holdings. Despite the SEC’s temporary freeze on the decision, market sentiment remains positive, driven by expectations of future spot-based XRP ETFs.
Yearly Growth Metrics
- 1-Week Change: +5%
- 2-Week Change: +6%
- 1-Year Change: +375%
👉 Why XRP’s ETF potential could redefine crypto investments
Regulatory Landscape and Analyst Outlook
The SEC’s delay in finalizing the Grayscale ETF approval centers on establishing clear guidelines for crypto-based exchange-traded products. Analyst Nate Geraci interprets this as a procedural step rather than a rejection, predicting accelerated approvals once frameworks are formalized.
Key Analyst Predictions
- Short-Term: $2.50 by August 2025.
- Year-End Target: $3.50, contingent on spot ETF approvals.
- Speculative Future: Some models suggest $100 in a bullish regulatory scenario.
Technical Indicators and Fund Flows
- RSI: 60 (indicating growing bullish momentum).
- MACD: Approaching a positive crossover.
- Funding Rate: 0.0104%, reflecting increased trader interest.
Ripple’s Expansion: The company’s application for a US banking charter aims to bolster its stablecoin business, further supporting XRP’s utility.
FAQs
Q: Why did XRP’s price surge recently?
A: The 5% increase aligns with optimism around the Grayscale ETF approval, despite its temporary SEC freeze.
Q: What’s the long-term price forecast for XRP?
A: Analysts project $3.50 by late 2025 if spot ETFs gain approval, with speculative models targeting $100 under ideal conditions.
Q: How does Ripple’s banking charter affect XRP?
A: It could enhance Ripple’s stablecoin operations, indirectly strengthening XRP’s ecosystem.
Conclusion
XRP’s current rally highlights its resilience amid regulatory uncertainty. With bullish technicals and expanding institutional interest, the altcoin is poised for potential breakout gains in 2025.