Ripple Case and XRP-Spot ETFs in Focus
On Thursday, February 20, XRP dropped by 1.75%, partially reversing Wednesday’s 6.90% rally to close at $2.6901. XRP trailed the broader crypto market, which advanced by 1.52%, taking the total market cap to $3.18 trillion.
Uncertainty over the SEC’s appeal strategy in the Ripple case weighed on XRP’s performance. Looking ahead, Ripple case-related updates and US XRP-spot ETF market developments remain the key price drivers. XRP Price Scenarios:
Bullish Case: If the SEC withdraws its appeal, XRP could break past its all-time high of $3.5505.
ETF Catalyst: An XRP-spot ETF approval could push prices toward $5, driven by institutional inflows.
Bearish Case: A continued SEC appeal and an ETF rejection could send XRP below $1.50.
