Why is XRP Going Up Today: Futures ETFs Approval by SEC the Reason?
The altcoin market is experiencing massive action today, particularly for XRP, which is currently trading at approximately $2.33, up 7.10% over the past 24 hours and 9% higher over the past week. Its market cap is now at $136.29 billion, with a $4.98 billion trading volume over one day.
Source: CoinMarketCap
Why is XRP Going Up Today?
There are several compelling reasons for the price increase in the altcoin today:
ProShares to Debut Futures ETFs on April 30: ProShares Trust has been cleared by the SEC to introduce futures ETFs, which will start trading on April 30, 2025. The three products include ProShares Ultra (2x leverage), Short (-1x inverse), and UltraShort (-2x inverse), tracking the Ripple Index. ProShares’ spot ETF application remains pending. The approval follows ProShares’ January 17 filing after Trump’s election. Teucrium already launched an futures ETF earlier this month, while Hashdex introduced the first-ever spot Ripple ETF in Brazil.
First XRP ETF Launches in Brazil: the altcoin received its first-ever ETF, XRPH11, listed on Brazil's B3 exchange on April 25, 2025. It follows the Nasdaq XRP Index and is managed by Hashdex and Genial Investimentos. The move paves the way for additional institutional users to invest safely in the coin.
CME Group to Introduce Futures: Another big shot in the arm was from CME Group, which stated it would introduce futures from May 19. Futures contracts enable large investors to place a bet on the price without actually holding the token.
These big developments served to draw tremendous attention from both retail and institutional customers. Experts even estimate that these events could bring in up to $8 billion in fresh investments.
XRP Price Prediction
Looking at TradingView price chart, the token had a big rally from $0.50 in November 2024 to a peak of nearly $3.50 in January 2025 — a huge 600% gain. After that, the coin went through a correction, falling below $2.00 in April but now showing signs of a slow recovery.
Source: TradingView
Bullish View: If XRP price holds above $2.40 and breaks the next big resistance at $2.80, it might move back to the $3.50 area. If the momentum remains powerful, analysts feel that the altcoin might even reach $5.00 by the end of 2025.
Bearish Outlook: If the coin is unable to stay above $2.40 and dips below $2.00 again, the coin may slide down to $1.50 or even $1.20.
Will XRP Reach $10 in 2025?
Right now, a move to $10 looks tough. To get there, the coin would need a 326% gain from today’s price. According to Polymarket data, the chance of the altcoin hitting a new all-time high before 2026 has dropped to 38%. Last December, the chance was 60%, but delays in SEC-related updates and no spot ETF approval have made users cautious.
Source: Polymarket
However, the crypto market is always full of surprises. A final positive decision in the SEC-Ripple case could act like fuel and help the crypto aim for new highs again. Additionally, the investors are advised to do detailed research before making any investment.
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