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XRP & Litecoin Price Prediction After ETF Approval

Several prominent firms have been entering the ETF market. Cryptocurrency exchange-traded funds (ETFs) have been gaining popularity. Most recently, the prominent asset manager Grayscale filed an application with the U.S. Securities and Exchange Commission (SEC). The firm intends to convert its $16.1 million XRP trust into an ETF. Amid this, a headline-grabbing ETF application was for Litecoin (LTC). The real question is which cryptocurrency will get approval first.

XRP vs Litecoin: Which Asset Will Get Approval?

Considering the current state of government, it is likely that both assets will receive a green light. According to a Bloomberg analyst, the chances of a Litecoin ETF getting SEC approval before Ripple’s XRP were higher. James Seyffart pointed out how the SEC continues to assert that XRP is a security, which could prevent cryptocurrency-based ETFs from receiving authorization. He added that Ripple, the company issuing XRP, is still embroiled in a legal battle with the SEC. He added,

“There is more work that needs to be done on that front that doesn't need to happen with something like Litecoin. The SEC has never called Litecoin a security, so I wouldn't be surprised if you see Litecoin come first.”

Price Prediction

Litecoin was trading at $95.14 at the time of press. The asset experienced an 18.71% drop in the last 24 hours. According to data from CoinCodex, LTC is expected to trade at a maximum price of $218 in 2025. The asset will experience a 130% increase from its current price level. This will happen in May.

Meanwhile, XRP was trading at $2.30 at the time of writing. This follows a massive 21% drop over the last day. CoinCodex's prediction reveals that XRP will have a high price of $4.06 after a 74% increase from its current price. This is expected to happen in April.#USBitcoinReserves